Crypto Technicals: BCH/USD resumes upside, eyes 200-DMA at 323.63

BTC/USD chart - Trading View

Exchange - Coinbase

Support: 279.63 (110-EMA); Resistance: 232.63 (200-DMA)

Technical Analysis: Bias bullish

BCH/USD resumes bullish momentum, trades 3.79% higher at 304.75 at 09:30 GMT.

The pair has broken consolidation phase and is set to extend bullish momentum.

Stochs and RSI are sharply higher and the pair has broken above 20W MA.

GMMA indicator has shown a shift in near-term trend with short-term MAs breaking above long-term MAs.

Price action is above daily cloud. Volatility is high and the pair is on track to test 200-DMA at 323.63.

5-DMA is immediate support at 293.72. Break below 110-EMA will see further weakness.

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