Bitcoin cash chart on Trading View used for analysis
- Bitcoin cash pauses 3-day bull run, finds stiff resistance at 110-EMA.
- BCH/USD is trading 2.71% lower on the day at 549 at the time of writing.
- The cryptocurrency was given a boost recently when Coinbase and Binance announced their support for the upcoming Bitcoin Cash hard fork.
- We are seeing some overbought pressures. Pullbacks possible at stiff resistance.
- Cloud offers immediate support at 533, break below could see further weakness.
- On the upside, breakout at 110-EMA could see test of 23.6% Fib at 745.
Support levels - 533 (cloud top), 495 (5-DMA), 450 (20-DMA)
Resistance levels - 575 (110-EMA), 659 (Sept 2nd high), 745 (23.6% Fib)
Recommendation: Watch out for break above 110-EMA to go long, place stops at 530, target 660/ 700/ 745.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.


Ethereum Reclaims Higher Ground: Ether Bulls Target $2,700 as Middle East Tensions Thaw
China's Refining Industry Faces Major Shakeup Amid Challenges
Bitcoin Battles Volatility: Institutional Support Eyes USD 64,000 Floor Amid Geopolitical Tensions
FxWirePro: GBP/AUD downtrend extends, eyes 1.8900 evel
Lithium Market Poised for Recovery Amid Supply Cuts and Rising Demand
FxWirePro: EUR/AUD falls below 1.6600 level, plunge to test a key fibo grows
US Futures Rise as Investors Eye Earnings, Inflation Data, and Wildfire Impacts
Indonesia Surprises Markets with Interest Rate Cut Amid Currency Pressure
Moody's Upgrades Argentina's Credit Rating Amid Economic Reforms
FxWirePro- Major Crypto levels and bias summary
Gold Prices Slide as Rate Cut Prospects Diminish; Copper Gains on China Stimulus Hopes
Trump’s "Shock and Awe" Agenda: Executive Orders from Day One
FxWirePro- Major Crypto levels and bias summary
Bank of America Posts Strong Q4 2024 Results, Shares Rise 



