BCH/USD Daily chart

BCH/USD Daily chart

Gate Trade BCH Saturday, April 25, 2020 401 0

If the bulls can thrust the BCH/USD pair above $250, a move to $280.47 is possible. A breakout of this level will invalidate the bearish head and shoulders pattern, which could result in a rally to $350.

Conversely, a break below $200 will complete the bearish H&S pattern, which has a target objective of $119.53. The stop-loss on the long positions can be kept at $197.