BCH/USD is trending in an upward channel formation. The MACD indicator has had four straight bullish sessions. BCH/USD has dropped down from $239.25 to $236.85 after encountering the 20-day Simple Moving Average (SMA 20) curve. The price was trending horizontally for a while before it started to trend in the upward channel formation. The hourly breakdown shows us that the price fell to $236, where found support and bounced back up to $236.85. The bulls need to gather enough momentum to go above the SMA 20 curve and the $240 resistance level. BCH/USD daily chart The price is trending below the SMA 20, SMA 50 and SMA 200 curves. The 20-day Bollinger jaw has narrowed, indicating decreasing market volatility. The Moving Average Convergence/Divergence (MACD) indicator has had four straight bullish sessions, while the Elliott Oscillator had 11 bullish sessions. The Relative Strength Index (RSI) indicator is trending around 43.45. Â 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 Forex News Today: Daily Trading News share Read Next Bitcoin technical analysis: BTC/USD not bothered by BTC ETF’s rejection, all eyes on $9,000 FX Street 3 years BCH/USD is trending in an upward channel formation. The MACD indicator has had four straight bullish sessions. BCH/USD has dropped down from $239.25 to $236.85 after encountering the 20-day Simple Moving Average (SMA 20) curve. The price was trending horizontally for a while before it started to trend in the upward channel formation. The hourly breakdown shows us that the price fell to $236, where found support and bounced back up to $236.85. The bulls need to gather enough momentum to go above the SMA 20 curve and the $240 resistance level. BCH/USD daily chart The price is trending below… 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.
