BCHUSD breaks significant resistance $500 after a long consolidation. It hits an intraday high of $524.59 and is currently trading around $522.46. Overall trend is bullish as long as the support $435 holds.
The pair holds above the short-term (34 and 55-day EMAs) and above the long-term moving average (200-day EMA).
The near-term resistance is around $550; any indicative breach above will take the pair to $600/$640/$715. On the lower side, immediate support is $480, and any violation below targets $435/$400/$377/$349/$325.
Indicators ( Daily chart)
Directional movement index - Bullish
It is good to buy on dips around $515-517 with SL around $480 for TP of $640.


FxWirePro- Major European Indices
FxWirePro: EUR/NZD edges lower but bullish outlook persists
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
FxWirePro: GBP/USD gains as UK manufacturing PMI beats expectations
FxWirePro-Major European Indices
FxWirePro- Major Crypto levels and bias summary
FxWirePro: GBP/AUD maintains bullish bias with focus on 2.0300 level
FxWirePro: NZD/USD downside pressure builds, key support level in focus
Strategy Retains Nasdaq 100 Spot Amid Growing Scrutiny of Bitcoin Treasury Model
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout
EUR/USD Surges Past 1.1765 on Dismal US Jobs Data: Bullish Momentum Builds with Eyes on 1.1900
FxWirePro- Woodies Pivot(Major) 



