Bitcoin Cash (BCH) has recovered from the intraday low $280.90 and recovered above $285 by the time of writing. The fifth digital coin with the current market capitalization of $5.2 billion is still down nearly 2% on a day-to-day basis despite the upside momentum. BCH/USD: Technical picture On the intraday charts, BCH/USD bumped into a local resistance created by the middle line of the 1-hour Bollinger Band at $286.00. A sustainable move above this area will open up the way to the next barrier created by a 50-hour SMA at $288.00. Once it is out of the way, the upside is likely to gain traction with the next focus on psychological $290.00 and the upper line of the 4-hour Bollinger Band at $293.30. The ultimate resistance os created by psychological $300.00. BCH/USD 1-hour chart On the downside, if $280.00 gives way, the sell-off may be extended towards 200-day SMA at $273.00. This barrier served as a strong resistance for the best part of the year, so no it may provide strong support and trigger the next bullish wave. a sustainable move below this area will negate the bullish forecast and bring more bears to the market. 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 USD/CHF falls to 0.9100 neighbourhood, fresh multi-year lows FX Street 3 years Bitcoin Cash (BCH) has recovered from the intraday low $280.90 and recovered above $285 by the time of writing. The fifth digital coin with the current market capitalization of $5.2 billion is still down nearly 2% on a day-to-day basis despite the upside momentum. BCH/USD: Technical picture On the intraday charts, BCH/USD bumped into a local resistance created by the middle line of the 1-hour Bollinger Band at $286.00. A sustainable move above this area will open up the way to the next barrier created by a 50-hour SMA at $288.00. Once it is out of the way, the upside… 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.
