Bitcoin Cash bulls return in full swing following the rejection at $240. The prevailing short-bearish trend to remain strong amid high volatility levels. Spot rate: $225 Relative change: -4.6 Percentage change: 2% Open: $230 High: $235 Low: $223 Trend: Strongly bearish (short-term). BCH/USD weekly chart Bitcoin Cash trading above a 10-months long-term trendline likely to give way for a reversal above $300. The upside is limited by the 50 Simple Moving Average on the weekly chart. BCH/USD daily chart The full stochastic nears oversold levels hinting a reversal in the near-term. The biggest task for the bulls is to defend $220 support and focus on the return to $240. BCH/USD hourly char The ascending trendline remains in place to offer support despite the correction from the recent highs. Bitcoin Cash digs deeper into the Bollinger Bands but the lower curve is offering support to the building bullish momentum. 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 Forex News Today: Daily Trading News share Read Next EUR/JPY Technical Analysis: The rally now targets the 100-day SMA at 119.86 FX Street 4 years Bitcoin Cash bulls return in full swing following the rejection at $240. The prevailing short-bearish trend to remain strong amid high volatility levels. Spot rate: $225 Relative change: -4.6 Percentage change: 2% Open: $230 High: $235 Low: $223 Trend: Strongly bearish (short-term). BCH/USD weekly chart Bitcoin Cash trading above a 10-months long-term trendline likely to give way for a reversal above $300. The upside is limited by the 50 Simple Moving Average on the weekly chart. BCH/USD daily chart The full stochastic nears oversold levels hinting a reversal in the near-term. The biggest task for the bulls is to defend… 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.
