• On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $480 overhead resistance level.
• On the other hand , if the bulls fail to break the EMAs, the price will continue to range below the EMAs.

BCH /USD Medium-term Trend: Ranging

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

Yesterday, July 23, the price of Bitcoin Cash was in a range bound move below the 12-day EMA and the 26-day EMA. On July 14, the downward trend was corrected at the $280 price level. At the $280 support level, the bulls made an upward move to break above the EMAs but were resisted. The bulls are facing resistance at the 12-day EMA .

On the upside, if the bulls break above the EMAs, the crypto’s price will rise to retest the $480 overhead resistance level. On the other hand , if the bulls fail to break the EMAs, the price will continue to range below the EMAs. 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 trending northward indicating that price is rising. The crypto's price is above the EMAs which indicates the price will continue to rise. Meanwhile, the BCH market is in the overbought region of the daily stochastic but below the 80% range. This indicates that price is in a bearish momentum and sell 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