Bitcoin Cash is still supported in with a wide range between $340 and $260. A correction above $300 will ensure that Bitcoin Cash stays in a positive zone. BCH/USD has just broken below the lower channel of the 20-period Bollinger ban, in turn,n putting an end to the consolidation phase that commenced earlier on Monday. Following the formidable surge at the beginning of this month, BCH/USD decreased the upward momentum below the critical resistance level at $340. The downside, has however been protected at $260 support. Bitcoin Cash is trending above the 100 SMA 4-hour which is currently offering immediate support at $294.2295. The ongoing retracement below the Bollinger band is likely to test $280 short-term support; a move likely to instigate a rebound towards $300. The RSI in the same range is sliding lower at 44.44. Although its slope is not sharp, the signal could touch the oversold (30.00) before a reversal occurs. The MACD is also in a bearish trend towards the negative territory. The signal divergence although not wide depicts that the bears have control, at least for now. A correction above $300 will ensure that Bitcoin Cash stays in a positive zone as buyers gather strength to attack $320 and eventually $340. However, in case $280 support caves in, expect BCH/USD to find support at $260. BCH/USD 4-hour chart 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 EUR/JPY Technical Analysis: Nears key 38.2% Fib support with biggest single-day drop since March 22 FX Street 4 years Bitcoin Cash is still supported in with a wide range between $340 and $260. A correction above $300 will ensure that Bitcoin Cash stays in a positive zone. BCH/USD has just broken below the lower channel of the 20-period Bollinger ban, in turn,n putting an end to the consolidation phase that commenced earlier on Monday. Following the formidable surge at the beginning of this month, BCH/USD decreased the upward momentum below the critical resistance level at $340. The downside, has however been protected at $260 support. Bitcoin Cash is trending above the 100 SMA 4-hour which is currently offering immediate… 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.
