BCH/USD technical analysis: Trendline break on the 4-hour could send Bitcoin Cash higher
|- Bitcoin Cash moves higher as price breaks intraday trendline
- The 300 psychological level has once again been defended
- Next resistance point is at 320.00
 (2)-637025193001565859.png){kind=link}
Bitcoin Cash breaks higher on the 4-hour chart as bulls take out a key intraday trendline. Next up the 320 and 330 resistance levels as we head into the mid-US session.
On the support side, 300 has been a formidable support zone which has been tested six times in the last 12 sessions to no avail.
Both the indicators on the chart above have crossed into the positive zone but on the daily have flatlined as volatility remains low.
The main level to break for an upside breakout on the daily chart remains 357 and if bulls manage it, it would indicate a major signal for a potential test of the old highs.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.