Bitcoin Cash: technical analysis 2019-05-23 10:00 (GMT+2) Bitcoin Cash Current trend BCH quotes failed to consolidate above 437.50 (Murrey [7/8]), although over the past two weeks they have made such attempts several times. Currently, the price stepped back to the level of 375.00 (Murrey [6/8]). The correction to the levels of 312.50 (Murrey [5/8]) and 250.00 (Murrey [4/8]) will be possible after the consolidation below the middle line of Bollinger bands around 350.00. The key “bullish” level is 437.50 (Murrey [7/8]). Fixing above it will give the prospect of growth to the upper border of the Murrey trading range around 500.00 (Murrey [8/8]) and to the level of 562.50 (Murrey [+1/8]). Technical indicators do not give clear signals. Bollinger bands reversed upwards, confirming the preservation of the uptrend. Stochastic reverses downwards. The MACD histogram is decreasing in the positive zone and maintains a divergence with the price chart. Support and resistance Resistance levels: 437.50, 500.00, 562.50. Support levels: 375.00, 312.50, 250.00. Trading tips Short positions can be opened from the level of 350.00 with the targets at 312.50, 250.00 and stop loss 385.00. Long positions can be opened above the level of 437.50 with the targets at 500.00, 562.50 and stop loss 400.00. Implementation period: 3–4 days.