Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: BCH/USD edges above 5-DMA, near-term upside likely on break above 20-DMA (211.74)

Fri, 13 Dec 2019, 11:19 am UTC

BCH/USD chart - Trading View

Exchange - Coinbase

Support: 206.27 (50H MA); Resistance: 211.74 (20-DMA)

Technical Analysis: Bias slightly bullish

Bitcoin Cash has edged above 5-DMA, intraday bias is now slightly bullish.

After 3 consecutive sessions of flat trade, the pair is now showing signs of upside.

BCH/USD was trading at 208.10 at 11:10 GMT, up 0.84%, after closing largely muted at 206.37 in the previous session.

The pair is flashing signs of minor recovery. RSI is showing a slight turn and Stochs are on verge of rollover from oversold levels.

Price action has broken above 50H MA and is on track to test 200H MA at 209.57.

Major trend is bearish, but, break above 20-DMA (currently at 211.74) will confirm near-term upside.

Next major hurdle aligns at 55-EMA at 235.29. Retrace below 5-DMA negates bullish bias.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $8,431.98 (+0.40%)
  • Ethereum (ETH) $160.84 (-1.11%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $320.85 (-4.49%)
  • Bitcoin SV (BSV) $275.93 (-3.20%)
  • Bitcoin (BTC) $8,431.98 (+0.40%)
Jan 24, 2020 (Friday)
12:24
Ripple CEO Brad Garlinghouse hints at the possibility of IPO
11:51
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:50
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:37
Japan ruling party lawmakers to propose digital yen in February: Report
11:00
Hackers becoming more sophisticated as crypto exchanges bolster security measures: Chainalysis
10:24
Crypto Technicals: XRP/USD slips below 21-EMA, more weakness to follow
10:23
Tether launches new stablecoin backed by physical gold
09:49
Crypto exchange ErisX partners with Etale to offer new trading features
09:23
World Economic Forum launches blockchain-based supply chain traceability platform
08:17
Crypto Technicals: LTC/USD holds above 51 mark, finds strong support at daily cloud
07:36
Liechtenstein's Financial Market Authority approves ethereum-based real estate tokenized fund
06:57
Greece to extradite alleged BTC-e operator Alexander Vinnik to France after supreme court ruling
05:26
Agribusiness blockchain initiative Covantis selects ConsenSys as technology partner
04:44
Crypto exchange Binance invests in blockchain startup Numbers
04:24
Crypto Technicals: ETH/USD holds above 21-EMA and cloud support, further weakness on charts
04:23
Indian IT firm Mphasis to develop blockchain privacy-enhancing tech solutions with QEDIT
04:04
Crypto Technicals: BTC/USD extends weakness, eyes next major support at 110-EMA (8134)
Jan 23, 2020 (Thursday)
13:26
Amun lists inverse bitcoin ETP on SIX Swiss Exchange
12:32
World Economic Forum creates framework to help central banks design and deploy CBDC
11:52
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft