BCH/USD bulls took the price up from $127 to $131. The buyers will need to break past resistance at $137.25. BCH/USD bulls took over the market this Wednesday by pushing the price up by 3% from $127 to $131, based on market speculation. Technical analysis shows a repeated pattern for growth and consolidation over the last few sessions. The bulls will need to breach resistance at $137.25 to build positive momentum and break the pattern. BCH/USD daily chart The upward trending line has acted as a support for the market over a long period. With this Thursday’s session, the market was able to creep above the 20-day simple moving average (SMA 20) curve and enter the upper half of the 20-day Bollinger band, both being bullish signs. The moving average convergence/divergence (MACD) histogram also shows decreasing bearish momentum. The chart tells us that BCH/USD over the last few sessions has had periods of growth followed by immediate consolidation. In order to break past this pattern, the bulls will need to garner enough momentum to break past the resistance at $137.25. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next US considering sanctions against China’s human rights violators – Reuters FX Street 4 years BCH/USD bulls took the price up from $127 to $131. The buyers will need to break past resistance at $137.25. BCH/USD bulls took over the market this Wednesday by pushing the price up by 3% from $127 to $131, based on market speculation. Technical analysis shows a repeated pattern for growth and consolidation over the last few sessions. The bulls will need to breach resistance at $137.25 to build positive momentum and break the pattern. BCH/USD daily chart The upward trending line has acted as a support for the market over a long period. With this Thursday's session, the market… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
