Bitcoin Cash price bounces over 5% in the latter stages of trading on Wednesday. A broadening wedge pattern can be seen via the 60-minute time frame. The Bitcoin Cash price made a jump of around 5%, in the later stages of afternoon trading on Wednesday. BCH/USD was able to receive decent support at the lower trend line of the broadening wedge pattern, seen on the 60-minute time frame. BCH/USD has been swinging between $825-905 range for the past 7 days now, narrow trading as seen with most of the other major altcoins. Over this week so far, price action has formed a broadening wedge pattern, subject to a breakout, which will likely to Bitcoin Cash out of this recent range. A heavy supply zone in proximity to current price action, tracking from $915-905, which has been respected for over a week now. Should the bulls manage to press ahead, it wouldn’t be too long until the price is back above the $1000 mark. Support is seen at $885, 50MA and then $860 the lower part of the wedge pattern, also where the 100MA tracks. BCH/USD 60-minute 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 NZD/USD consolidates losses below 0.69 as DXY stays flat on the day FX Street 3 years Bitcoin Cash price bounces over 5% in the latter stages of trading on Wednesday. A broadening wedge pattern can be seen via the 60-minute time frame. The Bitcoin Cash price made a jump of around 5%, in the later stages of afternoon trading on Wednesday. BCH/USD was able to receive decent support at the lower trend line of the broadening wedge pattern, seen on the 60-minute time frame. BCH/USD has been swinging between $825-905 range for the past 7 days now, narrow trading as seen with most of the other major altcoins. Over this week so far, price action… Top 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.
