Bitcoin Cash Bulls Charge Back: BCH Reclaims $600 with Eyes on $715

BCHUSD regained above $600 after a minor sell-off. The pair surged more than 8% in the past two days. It hit a high of $609.78 and is currently trading around $605.08.The overall trend is bullish as long as the support $440 holds.

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

The near-term resistance is around $640; any indicative breach above will take the pair to $715/$800. On the lower side, immediate support is $550, and any violation below targets $514/$490.

Indicators ( 4- hour chart)

CCI(50)- Bullish

Directional movement index - Bullish

It is good to buy on dips around $559 with SL around $440 for TP of $715.