• Days
  • Hours
  • Mins
  • Secs
  • Thu, 19 Sep 2019, 05:38 PM
  • All times are UTC
  • Edition:
    International
Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: Bitcoin Cash edges above 21-EMA, signs of bullish resumption

Thu, 13 Jun 2019, 08:00 am UTC

BCH/USD chart - Trading View

Exchange - Coinbase

Support: 361 (50-DMA); Resistance: 412 (20-DMA and 2H 200-SMA)

Technical Analysis: Bias turning slightly bullish

Bitcoin Cash edges above 21-EMA which was capping upside from several sessions.

Price hit weekly highs at 410 before paring some gains to trade at 402 at 07:35 GMT.

Major trend in the pair has shown a shift to bullish as indicated by GMMA indicator.

We see signs of bullish reversal. Stochastics RSI on weekly charts is showing turn from oversold zone.

Correction in the pair has held above 50-DMA support and 'Golden Cross' formation keeps scope for gains.

RSI is showing a turn and has edged above 50 level. Stochs are on verge of rollover from oversold levels.

The pair finds stiff resistance at 412 (20-DMA and 2H 200-SMA). Break above to see upside. Next bull target lies at 447 ahead of 483.

Break below 50-DMA negates near-term upside. Violation at 200-DMA negates any bullish bias.

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

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $10,070.80 (-1.50%)
  • Ethereum (ETH) $221.94 (+3.76%)
  • XRP (XRP) $0.305100 (-2.95%)
  • Bitcoin Cash (BCH) $317.83 (-2.87%)
  • Litecoin (LTC) $77.43 (-1.79%)
  • Bitcoin (BTC) $10,070.80 (-1.50%)
Sep 19, 2019 (Thursday)
12:27
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:27
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:57
Chinese financial institutions increasingly adopting big data, blockchain and AI: Moody’s
10:50
Crypto Technicals: Monero fails to hold 200-DMA break, erases most of previous session's gains
10:16
North Korea reportedly in early stages of developing bitcoin-like national cryptocurrency
09:37
UAE’s Ministry of Health and Prevention rolls out blockchain-based system
09:17
PUBLISH’s native token ‘NEWS’ listed on CoinMarketCap
08:44
Craig Wright asks 30-day extension as he holds talks to settle $10B lawsuit
08:33
Crypto Technicals: Litecoin (LTC) flashing signs of weakness, bearish engulfing and overbought oscillators weigh
07:40
Germany adopts comprehensive blockchain strategy to block Facebook's cryptocurrency Libra
07:36
Litecoin Foundation selects Celsius Network as preferred interest bearing wallet
06:42
Turkey plans to create National Blockchain Infrastructure and regulatory sandbox
06:29
Crypto Technicals: ETH/USD retreats from 6-week highs at 217.49, close below 200-DMA to see further weakness
05:33
Tata Motors looks to collaborate with startups on blockchain-based solutions amid automotive sector slowdown
04:49
Cybersecurity startup GK8 scores $4M to conduct cryptocurrency transactions without connecting to the Internet
04:48
Crypto Technicals: Bitcoin turns bearish, slumps below $10,000 mark
03:56
SpaceChain wins €60K grant from European Space Agency for blockchain satellite wallet
03:52
Huobi launches fiat-to-cryptocurrency exchange in Argentina
Sep 18, 2019 (Wednesday)
04:56
Crypto exchange Binance.US to not launch in 13 U.S. states
04:29
VanEck, SolidX pull out bitcoin ETF proposal from SEC
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft