#BCH

Overall Trend
Price is in a strong bullish trend after breaking major resistance at $500Currently trading at $583.6Higher highs and higher lows pattern established since October 2023Above 200 MA ($445.8), confirming bullish momentum
Support and Resistance Levels
Resistance:
Immediate: $600Historical: $700 (April 2023 high)Psychological: $650
Support:
Major: $500 (previous resistance turned support)Dynamic: 200 MA at $445.8Range bottom: $380-400
Technical Indicators
Moving Average:
Price trading well above 200 MAStrong upward slope indicating bullish momentum
RSI (4H):
Currently at 69.28Approaching overbought territoryStill showing bullish momentum
MACD:
MACD line above signal linePositive histogramStrong bullish momentum confirmed

Cluster and Zone Analysis
Price Clusters:
Major accumulation zone: $380-400Current resistance cluster: $580-600Previous consolidation: $450-500
Volume Analysis:
Increasing volume during breakoutSMA Volume at 29.75K showing healthy trading activity

BCH/USDT shows strong bullish momentum with clear breakout above major resistance. Key is to watch $500 support and potential resistance at $600. Risk management crucial due to extended move. Consider entries on pullbacks rather than chase current