NEWSBTC: Bitcion Cash (BCH) Leads Market Gains as Robinhood Add it to its Trading App

  • Monday, 16 July 2018 23:16
It’s Invest Diva's Kiana Danial https://www.investdiva.com/ with News BTC and here is your cryptocurrency update. The cryptocurrency market had yet another field day with Bitcoin Cash leading the gains in top 10 with nearly a 10% surge by the end of Monday’s trading day. The additional bullish movement in Bitcoin Cash may have been due to the announcement that the Robinhood trading app has added the cryptocurrency to its platform, along with Litecoin. A few months ago, the mobile stock trading app launched its cryptocurrency trading service, starting with Ethereum and Bitcoin. It has now announced it’s extending its crypto options due to “strong customer demand.” You can now buy and sell all four cryptocurrencies commission-free using their mobile app. In the announcement, Robinhood also said they are planning to “further expand their coin offerings and add support for coin transfers,” soon with the company’s co-founder Baiju Bhatt previously saying he expects Robinhood Crypto to “cover the entire US by the end of 2018.” This is a super positive news for the cryptocurrency market in general, which can lead to a temporary bullish reversal in many major cryptocurrencies. With Bitcoin Cash, in particular, the chart pattern is very similar to the Stellar Lumens price action that I covered yesterday. The BCH/USD pair appear to have formed a double bottom chart pattern, testing the neckline while moving below the daily Ichimoku cloud. A break above the neckline could open doors for a temporary bullish uptrend, capped by the lower band of the Ichimoku cloud. A break above the cloud is required for a longer-term bullish reversal indication. Thanks for watching, invest responsibly, and I’ll see you with more updates tomorrow.

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