 - EconoTimes)
Ichimoku analysis (4 -hour chart)
Tenken-Sen- $407.75
Kijun-Sen- $400.75
BCHUSD breaks significant resistance $435 and started to catch Bitcoin.It hits a high of $440.79 and is currently trading around $435.42. Overall trend is bullish as long as support $379 holds.
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/$640. 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 $425-27 with SL around $375 for TP of $640.
