BCHUSD regained above $600 after a minor sell-off. The pair surged more than 8% in the past two days. It hit a high of $609.78 and is currently trading around $605.08.The overall trend is bullish as long as the support $440 holds.
The pair holds above the short-term (34 and 55-day EMA) and above the long-term moving average (200-day EMA).
The near-term resistance is around $640; any indicative breach above will take the pair to $715/$800. On the lower side, immediate support is $550, and any violation below targets $514/$490.
Indicators ( 4- hour chart)
CCI(50)- Bullish
Directional movement index - Bullish
It is good to buy on dips around $559 with SL around $440 for TP of $715.
