BigLava

$BCH technical Analysis

COINBASE:BCHUSD   Bitcoin Cash
Bitcoin Cash is currently showing consolidation between 515 and 530 area.

We can see price is now above 100MA, which is now acting as a strong support. As price seems to trend with 100EMA.

We can also see price is being respected on its trend support, which is a critical level.

MACD is showing a possible bullish crossing.

If price decides to move up from here, we can possible see a minor rejection / reversal at 0.618 FIB level ($645)

If 100MA & Trend support is broken, price is likely to touch next support cluster at around $445.
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