• On the upside, if the bulls break above the EMAs, the crypto's price will rise and retest the $480 resistance level.
• On the other hand, if the bulls fail to break above the EMAs, the crypto's price will continue its range bound move above the $280 price level.

BCH /USD Medium-term Trend: Ranging

• Resistance Levels: $480, $500, $520
• Support Levels: $300, $290, $280

Yesterday, July 18, the price of Bitcoin Cash was in a range bound move below the 12-day EMA and the 26-day EMA but above the $280 support level. On June 27, the bulls were resisted at the $480 resistance level. And the downward correction ended on July 14 at the $280 support level.

On the upside, if the bulls break above the EMAs, the crypto's price will rise and retest the $480 resistance level. On the other hand, if the bulls fail to break above the EMAs, the crypto's price will continue its range bound move above the $280 price level. Meanwhile, the BCH market is in the oversold region of the daily stochastic but above the 20% range. This indicates that price is in a bullish momentum and buy signal.

BCH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of BCH is in a bullish trend. The 12-day EMA and the 26-day EMA are sloping upwardly indicating that price is rising. The crypto’s price fell to the $270 support level and commenced a bullish move above the EMAs. Meanwhile, the BCH market is in the overbought region of the daily stochastic but above the 60% range. This indicates that price is in a bullish momentum and buy signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.