Crypto Technicals: BCH/USD consolidates above 61.8% Fib, bias bullish

BCH/USD chart - Trading View

Exchange - Coinbase

Support: 418.23 (5-DMA); Resistance: 517.57 (78.6% Fib)

Technical Analysis: Bias Bullish

BCH/USD trades rangebound on the day at 436.45 at 13:15 GMT, bias bullish.

The pair trades with a bullish momentum, scope for test of 78.6% Fib at 517.57.

'Golden Cross' formed on the daily charts keeps scope for upside.

Stochs and RSI are near overbought levels and bearish divergence may limit upside.

Price is consolidating above 61.8% Fib and bullish continuation eyes 78.6% Fib at 517.57.

5-DMA is immediate support at 418.35. Break below may see dip till 21-EMA at 379.81.

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