- The drop in Bitcoin Cash has stalled at 270.00 as some support kicks in.
- At the psychological 300.00 level on the upside the pair could meet some resistance.
BCH/USD daily chart
The price continues to make lower highs and lower lows. The price is currently finding support at 270.00 which was used a few times historically in the chart. It would be interesting to see if the price as there are a few confluencing levels around the region. If the price moves higher from here then the psychological 300.00 resistance could be tested and if rejected this could make the next lower high. On the downside, 240.00 looks like a decent support, followed by the aforementioned 200.00. If the bulls manage to break 300.00 then the next resistance is around 350.00. At the moment the price is still tiled to the bearish side.