- BCH/USD extending upside from multi-week lows of 603.30, bias higher.
- The pair has taken out 1400 handle and has hit 9-week highs of 1438.
- Price action has shown cloud breakout which raises scope for further upside.
- Technical studies support upside, momentum with the bulls.
- Next major resistance above 23.6% Fib lies at 1644 (Feb 18 high). Immediate support lies at 1194 (cloud top)
Support levels - 1194 (cloud top), 1169 (5-DMA), 1005 (55-EMA)
Resistance levels - 1473 (23.6% Fib), 1644 (Feb 18 high),
Recommendation: Good to go long on dips around 1350/1390, SL: 1200, TP: 1475/ 1550/ 1640
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