The Bitcoin Cash price is 3.15% higher against the dollar as bulls take control. Traders are now looking at the trend break to see if the trend will now change to move higher. After producing a base formation between 207 and 215 the Bitcoin Cash price has started to move higher. More recently on the hourly chart below the BCH/USD price has broken out beyond the 277.77 resistance area backed by a decent amount of volume on the Coinbase exchange. Now the 242.00 resistance point is in focus. If the price breaks that consolidation high we can assume the trend will change to an uptrend. Right now we are above the volume point of control. This is represented by the peak of the bell curve on the volume profile indicator on the right-hand side of the chart. These areas act as a magnet for price and as long as the BCH/USD price stays above the 225.00 area we can say the price is above the mean value area and positive. Overall, on the hourly chart, things are looking good for the bulls. On the daily chart, the next level of resistance is at 255.06. 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 GBP: Short-squeezing not evident yet – ING FX Street 3 years The Bitcoin Cash price is 3.15% higher against the dollar as bulls take control. Traders are now looking at the trend break to see if the trend will now change to move higher. After producing a base formation between 207 and 215 the Bitcoin Cash price has started to move higher. More recently on the hourly chart below the BCH/USD price has broken out beyond the 277.77 resistance area backed by a decent amount of volume on the Coinbase exchange. Now the 242.00 resistance point is in focus. If the price breaks that consolidation high we can assume the… 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.
