FxWirePro: BCH/USD takes out 1400 mark, cloud breakout raises scope for further upside, stay long on dips

• BCH/USD extending upside from multi-week lows of 603.30, bias higher.
   
• The pair has taken out 1400 handle and has hit 9-week highs of 1438.
   
• Price action has shown cloud breakout which raises scope for further upside.
   
• Technical studies support upside, momentum with the bulls.
   
• Next major resistance above 23.6% Fib lies at 1644 (Feb 18 high). Immediate support lies at 1194 (cloud top)

Support levels - 1194 (cloud top), 1169 (5-DMA), 1005 (55-EMA)

Resistance levels - 1473 (23.6% Fib), 1644 (Feb 18 high),

Recommendation: Good to go long on dips around 1350/1390, SL: 1200, TP: 1475/ 1550/ 1640

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