# Crypto Technicals: BCH/USD tests 110-EMA, scope for test of 23.6% Fib at 252.09

By Anupama Grandhi

Canonical URL: https://www.tokenpost.com/news/investing/4685
Published: 2020-01-06T10:27:07.000Z
Updated: 2020-01-06T10:27:07.000Z
Section: Investing

> Support: 221.50 (cloud base); Resistance: 236.44 (110-EMA)

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

Exchange - Coinbase

Support: 221.50 (cloud base); Resistance: 236.44 (110-EMA)

Technical Analysis: Bias turning bullish

BCH/USD spikes around 6% on the day to hit 7-week high at 239.30, bias bullish.

The pair is extending break above 55-EMA and has tested 110-EMA resistance at 236.44.

Price action has broken above 100-DMA, momentum is turning bullish. Stochs and RSI are biased higher.

Near-term trend has turned bullish with short-term MAs breaking above long-term MAs in the GMMA indicator.

Breakout above 110-EMA raises scope for test of 23.6% Fib at 252.09. Failure at 110-EMA and retrace below 55-EMA negates near-term bullishness.

[TokenPost](<https://www.tokenpost.com/>) | info@tokenpost.com



## Links in this article

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