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Crypto Technicals: Bitcoin Cash edges above 21-EMA, signs of a bullish resumption

BCH/USD chart - Trading View 

Exchange - Coinbase

Support: 361 (50-DMA); Resistance: 412 (20-DMA and 2H 200-SMA)

Technical Analysis: Bias turning slightly bullish

Bitcoin Cash edges above 21-EMA which was capping upside from several sessions.

Price hit weekly highs at 410 before paring some gains to trade at 402 at 07:35 GMT.

Major trend in the pair has shown a shift to bullish as indicated by GMMA.

We see signs of bullish reversal. Stochastics RSI on weekly charts is showing turn from oversold zone.

Correction in the pair has held above 50-DMA support and 'Golden Cross' formation keeps scope for gains.

RSI is showing a turn and has edged above 50 level. Stochs are on verge of rollover from oversold levels.

The pair finds stiff resistance at 412 (20-DMA and 2H 200-SMA). Break above to see upside. Next bull target lies at 447 ahead of 483.

Break below 50-DMA negates near-term upside. Violation at 200-DMA negates any bullish bias.

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

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 813751813751m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813751813751m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 825571825571m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 813751813751m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 825571825571m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 813751813751m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813751813751m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 813751813751m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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