Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: BCH/USD attempts 200-DMA breakout, technical studies turn bullish

Tue, 14 Jan 2020, 10:46 am UTC

BCH/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias turning Bullish

GMMA Indicator: Major Trend - Turning bullish; Minor Trend - Strongly bullish

Overbought/ Oversold Index: Overbought

Volatility: Rising

Support: 272.40 (200-DMA); Resistance: 302.86 (38.2% Fib)

BCH/USD spikes on the day, trades 5.94% higher on the day at 282.82 at around 10:20 GMT.

The pair has broken above 200-DMA and technical studies have turned bullish.

Price action has broken above major moving averages and daily cloud, momentum with the bulls.

GMMA shows bullish shift in short-term trend with short-term moving averages crossing over long-term moving averages.

Further, the longer-term moving averages are also turning which if successful will see a new bull run.

For now, close above 200-DMA eyes next major hurdle at 38.2% Fib at 302.86 ahead of upper BB (weekly) at 323.82.

Failure to hold break above 200-DMA will see sideways grind. Retrace below 200H MA (252) negates bullish bias.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,909.63 (+0.53%)
  • Ethereum (ETH) $170.85 (+1.09%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $369.05 (+8.25%)
  • Bitcoin SV (BSV) $266.47 (-11.41%)
  • Bitcoin (BTC) $8,909.63 (+0.53%)
Jan 17, 2020 (Friday)
13:42
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:42
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:50
Crypto dealer SFOX announces new service for investors and wealth managers
11:10
Binance in talks with TaoTao and Z Corporation for strategic partnerships in Japan
10:09
Crypto Technicals: NEO/USD set to scale new highs, 200-DMA breakout confirms bullish trend
10:08
Crypto exchange Gemini launches own insurance company "Nakamoto"
09:29
eToro, Radar and OKCoin join Coinbase-led Crypto Rating Council
08:55
Huobi joins Blockchain Turkey Platform (BCTR)
08:21
U.S. authorities urged to investigate crypto use in funding domestic terrorism and extremism
07:38
Calibra, Anchorage, Bison Trails executives elected to Libra’s new technical steering committee
07:01
Crypto Technicals: LTC/USD bounces off 5-DMA support, eyes next major hurdle at 200-DMA (65.43)
07:01
U.S. lawmakers seek tax exemption for crypto transactions under $200
06:19
Former CFTC Chair launches Digital Dollar Project in partnership with Accenture
05:56
Crypto Technicals: ETH/USD resumes upside after brief pause, eyes 23.6% Fib at 174.83
04:46
Uzbekistan to launch national mining pool and licensed cryptocurrency exchange
04:27
Crypto Technicals: BTC/USD extends sideways below 200-DMA, bias bullish
04:21
Garanti BBVA conducts real-time blockchain transfers using Takasbank's BiGA Platform
Jan 16, 2020 (Thursday)
13:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:51
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:21
Litecoin Foundation, BlockFi partner to bring more liquidity to users
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft