Bitcoin Cash is 1.14% in the black today and things could get better. There is a technical pattern forming on the hourly chart but price action is looking choppy. BCH/USD is looking positive today but we are in the middle of a technical pattern that could break either way. Price is currently at the mean value point of the current distribution area between 219 and 228.32. The price has currently made a lower high and if 220.00 breaks it will have a lower high lower low formation on the hourly chart. The relative strength index (RSI) indicator is turning south at the moment but the volume seems thin. On the daily chart, the price action is still in a downtrend but currently we are in a consolidation point. The pivotal point on the daily chart is the 200.00 base support level. On the upside 242.00 is the breakout point for the bulls to change the trajectory of the trend. Even on the daily timeframe volume is looking pretty think as it seems we are in an inflexion point were traders must decide on a longer-term trend. 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 Finnish PM: No time to find a Brexit agreement before EU Council meeting FX Street 4 years Bitcoin Cash is 1.14% in the black today and things could get better. There is a technical pattern forming on the hourly chart but price action is looking choppy. BCH/USD is looking positive today but we are in the middle of a technical pattern that could break either way. Price is currently at the mean value point of the current distribution area between 219 and 228.32. The price has currently made a lower high and if 220.00 breaks it will have a lower high lower low formation on the hourly chart. The relative strength index (RSI) indicator is turning… 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.
