At the time of writing this the price for the exchange in the BCH / USD pair is 256.19 USD
Since March 12 BCASH began to recover after reaching its lowest point this year, bcash a day before it was bought at 147 USD
From March 12 to today, those who took the bcash opportunity gave us a 93% benefit.
Although until today the price has been faced with a laterality since the price is oscillating between the support of 205 USD AND the resistance of 275 USD.
The momentum of the bulls has formed an ascending triangle, if we go according to the theory an ascending triangle will present us with a bullish continuity and if we add to this that the price is above our EMA, we could see these days that bcash finally managed to overcome the resistance level of 275 USD where his next stop would be at 304 USD
But we remember that we continue in a great bearish trend.
So there is a high probability that the price will not exceed the resistance of 275 USD, which would cause the price to enter a zone of fluctuation, resistance would push us to bounce with the support of 248 USD, time will tell us if it is favorable or due to that this fluctuation zone indicates bullish continuity.
go ahead do your analysis
As for BCH / BTC in this pair there is not much to add since June 1 we have reached record lows
exchanging a BCASH for 0.02450672 satoshis.
If you entered today and the market favors you with a bullish rally the next stop would be 0.03216780 giving you a profit of 22%
But keep in mind that we continue in a downtrend and what is support today may be resistance tomorrow.
go ahead do your analysis
RECENT IMPORTANT FUNDAMENTALS
Swiss bank begins to offer cryptocurrency trading services and custody services
01/06/2020
An unlisted family bank in Switzerland, is expanding its cryptocurrency services through the introduction of crypto custody and trading.
Following regulatory approval from the Swiss Financial Market Advisory Authority, or FINMA, Maerki Baumann will offer its clients the ability to exchange and hold cryptocurrencies from June 2020.
At the initial launch, Maerki Baumann customers will be able to exchange five major cryptocurrencies, including Bitcoin (BTC), Ether (ETH), XRP, Bitcoin Cash (BCH), and Litecoin (LTC). Users will also be offered to trade other ERC-20-based digital assets, the company said.
in Hong Kong choose BCH over BTC in vending machines
30/05/2020
Roger Ver, an outspoken advocate and promoter of BCH, posted a May 29 video on Twitter of a Hong Kong vending machine that accepts BCH, Litecoin (LTC), Ethereum (ETH), and Binance Coin (BNB), but not BTC . "Bitcoin is not accepted at all," Ver said in the video, noting the currency's high fees and network traffic.
After Roger Ver posted a video of a Hong Kong vending machine that accepts Bitcoin Cash (BCH) and not Bitcoin (BTC), trader and YouTuber Tone Vays claimed that Roger Ver had paid for the vending machine to avoid accepting BTC. Roger Ver denied such claims.
Bitcoin Cash ranks second
29/05/2020
“Bitcoin Cash is in second place, representing almost 2%. Keep in mind that BitPay has been processing Bitcoin for almost 9 years and stablecoins for less than a year. ”
As of March, Bitcoin remains the largest and most popular crypto asset accounting for over 95% of volume transactions for BitPay. "
The processor automatically converts crypto payments to fiat for traders. Bitpay is one of the best known names when it comes to Bitcoin payment processing and has thousands of merchants on its network. It launched as a Bitcoin-only company in 2011, and its customers can now accept Bitcoin, Bitcoin Cash, XRP, ETH, and a variety of stablecoins.
THANKS FOR READ SUSCRIBE FOR + 🤗
to be well informed read my blog in Publish0x
sources
https://es.cointelegraph.com/news/swiss-bank-maerki-baumann-launches-crypto-custody-and-trading
https://es.cointelegraph.com/news/hong-kong-vending-machines-choose-bch-over-btc
