Crypto Technicals: BCH/USD hits 6-week highs (306.85), further upside on charts

BCH/USD chart - Trading View

Exchange - Coinbase

Support: 278.30 (110-EMA); Resistance: 324.21 (200-DMA)

Technical Analysis: Bias bullish

BCH/USD extends upside to hit new 6-week highs at 306.85, bias still bullish.

The pair has since pared some gains and was trading at 295.00 at 03:50 GMT.

Technical indicators support further gains. Volatility is rising as indicated by widening Bollinger bands.

Stochs and RSI are sharply higher. GMMA shows bullish shift in the near-term trend.

The pair is currently extending breakout above cloud and 110-EMA, eyes 200-DMA at 324.21

110-EMA is strong support at 278.31. Retrace below negates near-term bullishness.

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