Crypto Technicals: BCH/USD finds strong resistance at 4H 55 EMA at 227.54, decisive break above to see further upside

BCH/USD chart - Trading View

Exchange - Coinbase

Support: 207.85 (Trendline); Resistance: 245.84 (21-EMA)

Technical Analysis: Bias slightly bullish

Bitcoin Cash spikes higher on the day, trades 3.09% higher at 227.29 at 10:30 GMT.

BCH/USD hit 6 days high at 228.74 before paring some gains.

The pair finds stiff resistance at 4H 55-EMA at 227.53, decisive break above required for further gains.

Stochastics RSI is biased higher and Stochs and RSI are on verge of rollover from oversold levels.

Next major resistance aligns at 21-EMA at 245.80. Break below trend line support (207.85) to see resumption of weakness.

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