Crypto Technicals: Bitcoin cash (BCH) holds above 21-EMA, set to extend bull run

BCH/USD chart - Trading View

Exchange - Coinbase

Support: 229.63 (21-EMA); Resistance: 237.99 (4H 200 SMA)

Technical Analysis: Bias bullish

BCH/USD is consolidating previous session's gains, holds above 21-EMA support.

The pair is set to extend the bull run for the 3rd consecutive session if price holds above 21-EMA support.

Technical indicators are turning bullish on the intraday charts. Stochs and RSI are biased higher.

5-DMA is on verge of bullish crossover on 20-DMA, while MACD supports gains.

GMMA shows a shift in trend on the 4-hourly charts. 4H 200 SMA is strong resistance at 237.99. Scope for further upside on break above.

Retrace below 21-EMA should see consolidation at current levels.

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