• On the upside, if the price is sustained above the EMAs, the bulls will retest or break the $457 overhead resistance.
• On the other hand, if price falls into the bearish trend zone after retracement, the crypto will resume its range  bound move.

BCH/USD Long-term Trend: Bullish

• Resistance levels: $440, $480, $520
• Support levels: $360, $320, $280

The BCH/USD pair is in the bullish trend zone. From the price action, the BCH market reached a high of $457 overhead resistance . On May 30, the bulls were resisted and the market had a downward correction to a low at $384 on June 4. Since then the market commenced a range bound move above the 12-day EMA and 26-day EMA. On the upside, if the price is sustained above the EMAs, the bulls will retest or break the $457 overhead resistance. On the other hand, if price falls into the bearish trend zone after retracement, the crypto will resume its range  bound move.

From the Fibonacci tool, the downward correction was settled at the support of the 0.382 Fib. retracement level. The BCH price is within 0.236 and 0.382 Fib. retracement levels which are a continuation zone for a trending market.The stochastic is in the oversold region but above the 40% range which indicates that the price is in a bullish momentum and a buy signal.

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