- BCH/USD extends sideways trade, struggles to break above 110-EMA.
- The pair stalled upside below 1600 mark and has slipped lower from 2-month highs at 1567.
- Price action holds above daily cloud and technical studies support upside.
- We evidence a 'Shooting Star' formation on the daily charts which raises scope for weakness.
- That said, breakout above 100-EMA negates bearish bias and raises scope for test of 1700 levels.
- 5-DMA offers immediate support at 1395 ahead of daily cloud at 1135. Break below cloud will we drag lower.
- Major resistance lies at 110-EMA at 1392 ahead of 23.6% Fib at 1473. Decisive breakout at 110-EMA required for further gains.
Support levels - 1395 (5-DMA), 1135 (cloud top), 1073 (21-EMA)
Resistance levels - 1473 (23.6% Fib), 1567 (April 24 high), 1644 (Dec 18 high)
Recommendation: Watch out for breakout at 110-EMA to go long, target 1475/ 1570/ 1640
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest.


Bitcoin Holds the Line at 90k: Sideways Grind with an Eye on 100k Breakout
FxWirePro- Major Crypto levels and bias summary
Bitcoin Yawns at Fed Cut – Coiled Tight at $92K: $90K Hold = Straight Shot to $100K
FxWirePro- Major Crypto levels and bias summary
FxWirePro: USD/JPY caught in narrow range, bias bearish
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/NZD ticks down after UK GDP data disappoints
AUDJPY Range Play: Hold 102.95 Support, Target 105 on Breakout
FxWirePro: EUR/NZD shows upside momentum, but bearish outlook remains
FxWirePro- Major Pair levels and bias summary 



