BCH breaks out of a descending trendline channel. Crossover of resistance key to sustain breakout. Bitcoin Cash, which boasts itself of ambitious aim to surpass its larger cousin Bitcoin in the form of largest cryptocurrency by market cap in the times ahead, has given a channel breakout on the short term charts, but it still faces key resistance that hasn’t been crossed in the recent past. BCH/USD is up 0.35 percent at $703.85 and trading in a narrow band of less than 2 percent for the day. On the hourly chart, BCH has broken out of a descending trendline channel but still faces resistance in the form of another horizontal trendline that the bulls have found it difficult to cross. Immediate support is now placed at $701 which is upper end of the descending trendline channel while strong resistance exists around $713 which would be tough nut to crack for the bulls. 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 Global wrap: equities end week higher, dollar mixed – ANZ FX Street 5 years BCH breaks out of a descending trendline channel. Crossover of resistance key to sustain breakout. Bitcoin Cash, which boasts itself of ambitious aim to surpass its larger cousin Bitcoin in the form of largest cryptocurrency by market cap in the times ahead, has given a channel breakout on the short term charts, but it still faces key resistance that hasn't been crossed in the recent past. BCH/USD is up 0.35 percent at $703.85 and trading in a narrow band of less than 2 percent for the day. On the hourly chart, BCH has broken out of a descending trendline channel… 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.
