Copy link
Increase text size
Decrease text size
Link copied

Crypto Technicals: BCH/USD finds stiff resistance at 55W EMA at 358.85, break above to propel prices higher

Wed, 22 Jan 2020, 11:22 am UTC

BCH/USD chart - Trading View

Exchange - Coinbase

Technical Analysis: Bias Bullish

Support: 338 (200H MA); Resistance: 358.85 (55W EMA)

BCH/USD was trading 0.68% higher on the day at 345.31 at around 11:10 GMT.

The pair is extending gains for the 3rd straight session, hovers around 50% Fib retracement.

Correction has held above 200H MA and technical indicators are still biased higher.

Major and minor trend are bullish and no major signs of reversal seen on account of overbought oscillators.

Correction has proved to be shallow and price is set to resume upside. Major resistance lies at 55W EMA (currently at 358.85), breakout will propel prices higher.

Breach at 200H MA support (338) will see dip till 21-EMA at 296.65. Violation at 21-EMA support negates near-term bullish bias.

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
More
  • Bitcoin (BTC) $9,776.71 (-1.33%)
  • Ethereum (ETH) $252.83 (-5.56%)
  • XRP (XRP) $0.224600 (+0.84%)
  • Bitcoin Cash (BCH) $403.56 (-8.75%)
  • Bitcoin SV (BSV) $278.06 (-12.47%)
  • Bitcoin (BTC) $9,776.71 (-1.33%)
Feb 14, 2020 (Friday)
13:11
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
13:11
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:24
Israel’s stock exchange partners with Edinburgh-based startup for its Blockchain Securities Lending platform
11:48
Blockchain insurance startup B3i completes 30 reinsurance contracts on its platform
11:47
Crypto Technicals: TRON (TRX) confirms 'Golden Cross' on the daily charts, eyes 61.8% Fib at 0.0297
11:04
Crypto investment firm Galaxy Digital lays off 15% of its workforce
10:18
Circle now seeks to sell off crowdfunding unit SeedInvest: Report
09:47
SBI Crypto enters into blockchain cooperation partnership with Northern Data
09:25
Wells Fargo invests $5M in crypto monitoring firm Elliptic
09:01
Crypto Technicals: XRP/USD pauses at 0.34 handle, consolidation likely before next leg higher
07:37
Election Commission of India looks to blockchain to tackle lost votes
06:26
Crypto Technicals: 'Spinning Top' dents upside in ETH/USD, technical bias remains bullish
06:20
Crypto lending startup BlockFi secures $30M in Series B financing
05:20
Crypto Technicals: BTC/USD holds above 10,000 mark, trades rangebound at 5-DMA support
04:53
IOTA Foundation investigates fund theft in Trinity wallet
Feb 13, 2020 (Thursday)
12:20
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
12:19
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
12:19
U.S. Treasury Department’s FinCEN working on new crypto regulations
11:47
Defense contractor BAE Systems is hiring ‘cryptocurrency exploiters’
11:07
DTCC calls for industry consortium and comprehensive framework to address DLT security risks
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft