BCH\/USD on TradingView.com<\/a><\/figcaption><\/figure>\nImmediate resistance on the upside sits near the $380 level. A clear move above the $380 resistance might start a decent increase. The next major resistance is $385, above which the price might accelerate higher toward the $400 level. Any further gains could lead the price toward the $420 resistance zone.<\/p>\n
Fresh Drop in BCH?<\/h2>\n If Bitcoin Cash price fails to clear the $380 resistance, it could start a fresh decline. Initial support on the downside is near the $365 level. The next major support is near the $355 level or the trend line.<\/p>\n
If the price fails to stay above the $355 support, the price could test the $340 support. Any further losses could lead the price toward the $332 zone in the near term.<\/p>\n
Technical indicators<\/p>\n
4-hour MACD \u2013 The MACD for BCH\/USD is losing pace in the bullish zone.<\/p>\n
4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level.<\/p>\n
Key Support Levels \u2013 $365 and $355.<\/p>\n
Key Resistance Levels \u2013 $380 and $385.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin Cash price started a major increase above the $350 resistance. BCH is consolidating and might aim for more gains above the $385 resistance. Bitcoin cash price started a fresh increase above the $350 level. The price is trading above $365 and the 100-hour simple moving average. There is a connecting bullish trend line forming with support at $355 on the hourly chart of the BCH\/USD pair (data feed from Kraken). The pair could start another increase if it clears the $380 resistance zone. Bitcoin Cash Price Starts Fresh Surge After forming a base above the $315 level, Bitcoin Cash price started a fresh increase. BCH outpaced Bitcoin and Ethereum to gain over 20%. There was a clear move above the $350 resistance zone. The price even surpassed $365 and tested the $385 resistance zone. A high was formed near $385.95 and the price is now correcting gains. There was a minor move below the $375 level. The price dipped and tested the 23.6% Fib retracement level of the upward move from the $318.02 swing low to the $385.95 high. Bitcoin cash price is now trading above $365 and the 100-hour simple moving average. There is also a connecting bullish trend line forming with support at $355 on the hourly chart of the BCH\/USD pair. The trend line is close to the 50% Fib retracement level of the upward move from the $318.02 swing low to the $385.95 high. Immediate resistance on the upside sits near the $380 level. A clear move above the $380 resistance might start a decent increase. The next major resistance is $385, above which the price might accelerate higher toward the $400 level. Any further gains could lead the price toward the $420 resistance zone. Fresh Drop in BCH? If Bitcoin Cash price fails to clear the $380 resistance, it could start a fresh decline. Initial support on the downside is near the $365 level. The next major support is near the $355 level or the trend line. If the price fails to stay above the $355 support, the price could test the $340 support. Any further losses could lead the price toward the $332 zone in the near term. Technical indicators 4-hour MACD \u2013 The MACD for BCH\/USD is losing pace in the bullish zone. 4-hour RSI (Relative Strength Index) \u2013 The RSI is currently above the 50 level. Key Support Levels \u2013 $365 and $355. Key Resistance Levels \u2013 $380 and $385.<\/p>\n","protected":false},"author":67,"featured_media":647982,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[83364],"tags":[10777,79646,10736],"class_list":["post-647980","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bch","tag-bchusd","tag-bchusdt","tag-bitcoin-cash"],"acf":[],"yoast_head":"\n
Bitcoin Cash (BCH) Soars 20%: Can The Momentum Last?<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n