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Crypto Technicals: BCH/USD consolidates above 200-DMA, bias higher

BCH/USD chart - Trading View 

Exchange - Coinbase

Resistance: 330 (trendline); Support: 242 (200-DMA)

Technical Analysis: Bias Slightly Bullish

- BCH/USD has broken above 200-DMA after several months
- Price action consolidates above 200-DMA, is above major EMAs
- 5-DMA has turned, Stochs and RSI are biased higher, 
- Finds major trendline resistance at 330, break above 330 targets 23.6% Fib at 491
- Retrace below 200-DMA negates any bullish bias

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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