Is BCH Ready For A Bull Run This Week?BCH price action shows a bullish engulfing candle at the 50-day EMA.
BCH avoids a bearish breakdown and may regain positive momentum.
High chances of a $228 breakout, eyeing the $300 mark.
BCH manages to avoid a sharp reversal seen in many altcoins.
Late-night jump in Asian markets indicates an early phase of a bull run.
BCH faces constant rejections at the $228 overhead ceiling.
Currently trading at $212.68, sustaining above the 50-day EMA.
Intraday growth of 1.11% increases chances of challenging the $228 ceiling.
RSI reverses from the halfway line, indicating bullish momentum.
MACD and signal lines avoid a bearish crossover.
If BCH breaks $228, it could reach $300.
Resistance at $228 could lead to a fall to the 200-day EMA at around $180.