BCH/USD chart - Trading View
Exchange - Coinbase
Support: 263.47 (5-DMA); Resistance: 286.64 (21W EMA)
Technical Analysis: Bias bullish
BCH/USD spikes higher, trades over 6% higher on the day at 282.47 at 04:05 GMT.
The pair is likely to extend bullish momentum and we see scope for test of 38.2% Fib at 319.97.
RSI is above 60 mark and sharply higher, Stochs are also biased higher. MACD and ADX support gains.
Price action has broken above daily cloud and 110-EMA resistance at 277.86.
Next bull target lies at 286.64 (21W EMA). Break above eyes 38.2% Fib at 319.97.
55-EMA is major support at 254.38. Retrace below negates near-term bullishness.
