Bitcoin Cash has continued to record lower highs following the rejection the bulls suffered at the beginning of August, close to $340. A descending trendline has remained intact for the second week in a row as well. Support at $300 seems to have the potential to hold from the weekend session but this week’s trading has been dominated by increased selling activities. The biggest blow was the drop under the 50 SMA as it added gasoline to the fire. BCH spiraled to only to find support at $269.51. A minor recovery took place with the price reclaiming the position above $270 and extending the upper leg towards $380. ... (full story)