Bitcoin Cash resumes the uptrend towards $250 short term resistance but eyes stay on $278 supply zone. The improving technical suggests that Bitcoin Cash will hold on to the accrued gains above $240. Bitcoin Cash is slightly in the green and holding on to the 0.37% gains accrued since the trading session started on Wednesday. The crypto market also reacted in tandem with Bitcoin Cash. However, a mixture of red and green can be spotted on the cryptocurrencies rates table. The losses experienced since Friday last week sort refuge above $230. Several other support areas were shuttered including $280, $260 and $240. An ongoing correction has pushed BCH above $240. Meanwhile, the price is exchanging hands at $242 above a short term ascending channel. The technical picture is improving significantly mid-through this week’s trading. The MACD is aiming for a positive zone. At the same time, the bullish cross signifies the traction the buyers are gaining against the sellers. The RSI in the same 1-hour range is lethargic at 50 and shows that a further correction possibly towards 50 will stalls in the coming sessions. 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 Cryptocurrencies price prediction: Bitcoin, Ripple & Litecoin – Asian Wrap 20 Nov FX Street 3 years Bitcoin Cash resumes the uptrend towards $250 short term resistance but eyes stay on $278 supply zone. The improving technical suggests that Bitcoin Cash will hold on to the accrued gains above $240. Bitcoin Cash is slightly in the green and holding on to the 0.37% gains accrued since the trading session started on Wednesday. The crypto market also reacted in tandem with Bitcoin Cash. However, a mixture of red and green can be spotted on the cryptocurrencies rates table. The losses experienced since Friday last week sort refuge above $230. Several other support areas were shuttered including $280, $260… 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.
