Lambda256 joins South Korea project to develop technology that could track illegal dark web transactions
Regulatory Series on Cryptocurrencies: BIS Sheds Some Light on Evolution of CBDC Amid Pandemic Covid-19
Cryptocurrency Derivatives Series: Ethereum On Verge Of 2Y Highs – FxWirePro’s Hedges Safeguard Upside Risks
Blockchain Revolution Series: India’s Leading IT Giant TCS Launches Quartz Smart Solution For Cryptocurrency Trading
Digital Currency Revolution Series: ETH/USD Bulls Uproar Ahead Of Ethereum 2.0 Testnet, Uphold Long Hedges
Digital Currency Revolution Series: Travala.com Partners With Expedia Group For Cryptocurrency-Based Travel Booking
Crypto Technicals: BCH/USD intraday bias turns slightly bullish, scope for test of 20-DMA (220.99)
BCH/USD chart - Trading View
Exchange - Coinbase
Support: 188.80 (Trendline); Resistance: 215.17 (200H MA)
Technical Analysis: Bias neutral
Bitcoin Cash comatose around 5-DMA, intraday bias turning slightly bullish.
BCH/USD is attempting minor recovery after bouncing off strong trendline support (currently at 188.80).
Stochs have turned north, but RSI remains flat below the 50 mark. Volatility is also shrinking.
Major trend is bearish, but decisive break above 200H MA could see gains till 20-DMA at 220.99.
Breakout above 20-DMA could see upside continuation. Next major hurdle aligns at 55-EMA at 243.02.
On the downside, strong support is seen at 188.80. Violation there will open downside for the pair.