The bulls continue to show resilience in spite of the market being in favor of the sellers. Not much of a price change is expected to the upside in the short-term. BCH/USD trend in the short-term is sideways after the bulls failed to overcome the resistance at $165. Bitcoin Cash slipped back below $160 and has over the last three days established support at $155. The bulls continue to show resilience in spite of the market being in favor of the sellers. A quick glance at the market shows almost all the top twenty cryptocurrencies in the red with losses between 0.2% and 2.5%. Bitcoin Cash is trending lower 2% on the day after opening the trading on Wednesday at $159.55. The 100 SMA 1-hour is providing support marginally below the current price of the coin at $156.02. The RSI on the same chart is heading upwards to show that the buyers are increasing their entries. However, with the MACD stuck in the negative zone, not much of a price change is expected to the upside. Initial resistance will be at the 50 SMA 1-hour currently at $157.88. The next hurdle is seen at $160 while last week’s barrier at $165 is the medium-term resistance level. BCH/USD 1-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/SEK tumbles to 5-week lows near 10.4200 FX Street 4 years The bulls continue to show resilience in spite of the market being in favor of the sellers. Not much of a price change is expected to the upside in the short-term. BCH/USD trend in the short-term is sideways after the bulls failed to overcome the resistance at $165. Bitcoin Cash slipped back below $160 and has over the last three days established support at $155. The bulls continue to show resilience in spite of the market being in favor of the sellers. A quick glance at the market shows almost all the top twenty cryptocurrencies in the red with losses… 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.
