Bitcoin Cash is defiantly positive on Friday as bulls push its value 1.24% higher. A new higher lows pattern begins to form; bulls target $230 as soon as they break above $220. Bitcoin Cash is readying to tackle the resistance at $220. This comes after a marvelous recovery movement from the lows recently recorded at $197.78. The upward retracement has touched the 50% Fibonacci retracement level within the last swing high of $237.02 to a swing low of $197.78. A new higher lows pattern is forming, besides, the price is teetering above the 50 Simple Moving Average (SMA) on the one-hour chart. In the event Bitcoin Cash manages to clear the resistance at $220, the crypto will come face to face with the resistance a confluence created by the 61.8% Fibo and the 100 SMA at $221.94. The Moving Average Convergence Divergence (MACD) is hugging the mean line (0.00) after pulling out of the negative zone at -4.89. The bullish cross, although minor continues to encourage the buyers to sustain the trend. Also, the Relative Strength Index (RSI) is trading above 50 (average). If the upwards motion in the RSI continues, it will only be a matter of time before BCH jumps above $220. BCH/USD one-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 USD/JPY risk reversals hit three-month highs on call demand FX Street 3 years Bitcoin Cash is defiantly positive on Friday as bulls push its value 1.24% higher. A new higher lows pattern begins to form; bulls target $230 as soon as they break above $220. Bitcoin Cash is readying to tackle the resistance at $220. This comes after a marvelous recovery movement from the lows recently recorded at $197.78. The upward retracement has touched the 50% Fibonacci retracement level within the last swing high of $237.02 to a swing low of $197.78. A new higher lows pattern is forming, besides, the price is teetering above the 50 Simple Moving Average (SMA) on 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.
