BCH/USD chart - Trading View
Exchange - Coinbase
Resistance: 330 (trendline); Support: 242 (200-DMA)
Technical Analysis: Bias Slightly Bullish
- BCH/USD has broken above 200-DMA after several months
- Price action consolidates above 200-DMA, is above major EMAs
- 5-DMA has turned, Stochs and RSI are biased higher,
- Finds major trendline resistance at 330, break above 330 targets 23.6% Fib at 491
- Retrace below 200-DMA negates any bullish bias
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