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, further upside on charts - EconoTimes)
BCH/USD chart - Trading View
Exchange - Coinbase
Support: 278.30 (110-EMA); Resistance: 324.21 (200-DMA)
Technical Analysis: Bias bullish
BCH/USD extends upside to hit new 6-week highs at 306.85, bias still bullish.
The pair has since pared some gains and was trading at 295.00 at 03:50 GMT.
Technical indicators support further gains. Volatility is rising as indicated by widening Bollinger bands.
Stochs and RSI are sharply higher. GMMA shows bullish shift in the near-term trend.
The pair is currently extending breakout above cloud and 110-EMA, eyes 200-DMA at 324.21
110-EMA is strong support at 278.31. Retrace below negates near-term bullishness.
