Bitcoin Cash finally breaks out of a tight trading range; the journey to $300 has just begun. BTC/USD is poised for more upward advancement as technical indicators align in support of the bulls. Bitcoin Cash continues to build on the gains recorded over the weekend. The trading on Monday was mainly bullish but did not have enough force to penetrate the resistance of the tight narrow range discussed. However, the Asian session on Tuesday saw the bulls ascend to the helm, breaking past the resistance at $270 (narrow range limit). BCH/USD is trading at $276 at the time of writing. The price is also above the 200-day SMA, which is a key milestone. All technical levels and indicators point towards continued bullish action. It is only a matter of minutes before the bulls take down the resistance at $280 and shift the focus to $300. The RSI in the daily range is almost entering the overbought region. The MACD is moving further up within the positive region. The bullish divergence above it shows that bulls are indeed in control. For now, pushing the price past $280 is the bulls’ priority. Higher support, preferably above $280 would give the bulls an opportunity to focus on taking the fight to $300. BCH/USD daily 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 Gold Price Analysis: Corrective pullback stalls at key $1933 support, what’s next? – Confluence Detector FX Street 3 years Bitcoin Cash finally breaks out of a tight trading range; the journey to $300 has just begun. BTC/USD is poised for more upward advancement as technical indicators align in support of the bulls. Bitcoin Cash continues to build on the gains recorded over the weekend. The trading on Monday was mainly bullish but did not have enough force to penetrate the resistance of the tight narrow range discussed. However, the Asian session on Tuesday saw the bulls ascend to the helm, breaking past the resistance at $270 (narrow range limit). BCH/USD is trading at $276 at the time of writing.… 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.
