Crypto Technicals: BCH/USD extends sideways along 61.8% Fib, bullish continuation eyes 78.6% Fib (517.57)

BCH/USD chart - Trading View

Exchange - Coinbase

Support: 422.59 (61.8% Fib); Resistance: 517.57 (78.6% Fib)

Technical Analysis: Bias Bullish

BCH/USD is extending sideways grind along 61.8% Fib support.

The pair trades 1.5% higher on the day at 440 at 10:15 GMT, bias bullish.

Momentum studies are bullish, 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.

Bullish continuation eyes 78.6% Fib at 517.57. Further upside on break above.

5-DMA is immediate support at 430. Break below may see dip till 21-EMA at 389.83.

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.