Crypto Technicals: Bitcoin Cash holds cloud support, edges above 21-EMA, scope for further upside

BCH/USD chart - Trading View 

Exchange - Coinbase

Support: 400.80 (55-EMA); Resistance: 431.50 (20-DMA)

Technical Analysis: Bias Neutral to slightly bullish

BCH/USD edges lower from session highs at 428.98, retraces below 21-EMA.

News of shuts down of Polish cryptocurrency exchange 'Bitmarket' may have dampened bulls.

The pair was trading at 417.25, up just 0.09% at around 10:25 GMT.

Daily cloud is offering strong support to the pair. 5-DMA is also turning.

Stochs are on verge of rollover into neutral territory and RSI hovers around 50 levels.

Decisive close above 21-EMA could see further upside. Upper Bollinger band at 490 will be the next bull target.

55-EMA is strong support at 400 levels. Break below will see weakness. Dip till 110-EMA at 355 then likely. 

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