Bitcoin Cash reverses from the support at $288, all eyes glued on $300. BCH/USD could hit $320 and $310 if the bulls build on a potential descending channel breakout. Bitcoin Cash buyers are fighting with all they have to defend the price from falling further below $300. While the crypto opened the session at $303 losses have seen it refresh lower levels at $288. Recovery appears to be underway with $300 being well within the reach of the bulls. BCH is exchange hands at $298 at the moment. After rising above the 200 SMA in the 4-hour range, a boost is expected to push the price above $300 in the short term. Consequently, a potential breakout above the short term descending channel resistance would also propel BCH closer to $310. The real test, however, lies at this $310 seller congestion zone. If overcome, investors can tighten their seatbelts for another rocket-fast flight targeting $320 and $330 respectively. All indicators including RSI and MACD currently point towards an improving technical picture. Besides the gap maintained by the 100 SMA above the 200 SMA suggests that buying pressure is still present. The RSI is trending upwards as the bulls grip the price even tighter. For now, the path of least resistance is upwards in anticipation of the grand move past $300. 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 Indonesia: Trade surplus widened to multi-year highs – UOB FX Street 2 years Bitcoin Cash reverses from the support at $288, all eyes glued on $300. BCH/USD could hit $320 and $310 if the bulls build on a potential descending channel breakout. Bitcoin Cash buyers are fighting with all they have to defend the price from falling further below $300. While the crypto opened the session at $303 losses have seen it refresh lower levels at $288. Recovery appears to be underway with $300 being well within the reach of the bulls. BCH is exchange hands at $298 at the moment. After rising above the 200 SMA in the 4-hour range, a boost… 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.
