• Sat, 24 Aug 2019, 08:10 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) $10,110.30 (-2.83%)
  • Ethereum (ETH) $189.93 (-2.21%)
  • XRP (XRP) $0.273200 (-1.14%)
  • Bitcoin Cash (BCH) $307.15 (-1.90%)
  • Litecoin (LTC) $73.40 (-2.46%)
  • Bitcoin (BTC) $10,110.30 (-2.83%)
Aug 23, 2019 (Friday)
11:35
Stablecoin project Terra receives funding from HashKey Capital
10:49
Three of the founding members of Libra Association consider backing out: Report
08:55
Overstock's Patrick Byrne steps down as CEO
08:52
Pundi X brings XPOS crypto payments to Venezuela's Traki retail stores
07:22
Blockchain startup Blockstack scores strategic investment from Japan's Recruit Holdings
07:19
BitGo announces support for multi-signature EOS wallet and custody services
06:39
US Treasury blacklists crypto addresses of suspected Chinese fentanyl traffickers
06:14
Chainalysis launches ‘Chainalysis KYT Alerts’ to detect suspicious cryptocurrency activity in real-time
05:13
Cryptocurrencies used to buy fentanyl, other illicit drugs: White House
05:04
Blockchain energy startup Power Ledger extends energy trading trial in Fremantle
03:53
Blockchain accelerator initiatives launched at the University of California campuses
Aug 22, 2019 (Thursday)
13:05
Crypto exchange Coincheck mulls launching IEO Platform
12:46
Crypto Technicals: Major Cryptocurrency Daily Technical Outlook
11:53
Crypto Technicals: Major Cryptocurrency Support Resistance Levels
11:42
Sierra Leone launches blockchain-based National Digital Identity Platform
10:43
Blockchain startup Blocko secures $7.4M in Series B+ round from major South Korean financial institutions
09:52
Crypto Technicals: Ethereum Classic ignores crypto space weakness, extends gains to break above 200-DMA
09:16
Former Zaif exchange owner Tech Bureau to discontinue crypto business after completing customer refunds
08:32
Crypto Technicals: XLM/USD bearish trend intact, hits multi-month lows at 0.06542
07:33
Russian firm ICORating settles $270K fine with SEC for concealing ICO touting payments
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.
PUBLISHsoft