# Crypto Technicals: BCH/USD bounces off strong trendline support, break above 21-EMA (228.68) to see bullish continuation

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/3863
Published: 2019-10-21T07:15:44.000Z
Updated: 2019-10-21T07:15:44.000Z
Section: Investing

> Support: 219.37 (5-DMA); Resistance: 228.74 (21-EMA)

[BCH/USD](<https://www.tradingview.com/symbols/BCHUSD/>) chart - Trading View

Exchange - Coinbase

Support: 219.37 (5-DMA); Resistance: 228.74 (21-EMA)

Technical Analysis: Bias turning Bullish

BCH/USD consolidating previous sessions gains, bias is turning bullish.

After closing 5.41% higher on 20th October trade, the pair is extending marginal gains on the day.

The pair has bounced off major trendline support and price has broken above 5-DMA and 20-DMA.

Technical indicators are turning slightly bullish. Stochs are on verge of rollover from oversold levels.

Immediate resistance is seen at 21-EMA at 228. Break above to see test of 50-DMA at 259.55.

Rejection at 21-EMA and break below trendline support (210.45), to see more weakness.

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## Links in this article

- [BCH/USD](https://www.tradingview.com/symbols/BCHUSD/)
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