Ichimoku analysis (4 -hour chart)
Tenken-Sen- $432.05
Kijun-Sen- $418.92
BCHUSD showed a minor sell-off due to profit booking. It hits a high of $461.96 and is currently trading around $439.11. 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 $466 any indicative breach above will take the pair to $500/$525/$548/$600/$640. On the lower side, immediate support is $428, and any violation below targets $400/$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.


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