BCH/USD daily chart.

BCH/USD daily chart.

Gate Trade BCH Saturday, May 16, 2020 1082 0

Bitcoin Cash (BCH) is facing resistance at the 20-day EMA ($243). If the price turns down from this level, the bears will attempt to sink the altcoin back towards $200. 

Conversely, a break above the 20-day EMA can drive the 5th-ranked cryptocurrency on CoinMarketCap to $280.47.