BCHUSD Breaks Resistance: Eyes on $500 as Bullish Momentum Builds!

Ichimoku analysis (4 -hour chart)

Tenken-Sen- $369.88

Kijun-Sen- $369.13

BCHUSD  broken significant resistance $420 after a long consolidation. It  hits a high of $429 and is currently trading around $415.45.

 The pair holds above the short-term (34 and 55-day EMA) and the long-term moving average (200-day EMA).

The near-term resistance is around $445, any indicative breach above will take the pair to $466/$500/$525/$548/$600. On the lower side, immediate support is $400, and any violation below targets $377/$349/$325.

Indicators ( 4- hour chart)

Directional movement index - Bullish

It is good to buy on dips around $400 with SL around $349 for TP of $500.