BCHUSD Bull Run: Riding Bitcoin's Surge, Next Stop $640? (chart of the day)

Ichimoku analysis (4 -hour chart)

Tenken-Sen- $407.75

Kijun-Sen- $400.75

BCHUSD  breaks significant resistance $435 and started to catch Bitcoin.It  hits a high of $440.79 and is currently trading around $435.42. Overall trend is bullish as long as support $379 holds.

 The pair holds above the short-term (34 and 55-day EMA) and the long-term moving average (200-day EMA).

The near-term resistance is around $445, any indicative breach above will take the pair to $466/$500/$525/$548/$600/$640. On the lower side, immediate support is $400, and any violation below targets $377/$349/$325.

Indicators ( 4- hour chart)

Directional movement index - Bullish

It is good to buy on dips around $425-27 with SL around $375 for TP of $640.