BCH/USD chart - Trading View
Exchange - Coinbase
Support: 344.70 (21-EMA); Resistance: 439.92 (Upper BB)
Technical Analysis: Bias Neutral
BCH/USD trades 3.44% lower at 403.79 at 12:20 GMT
Price action is holding above 5-DMA which is immediate support at 389.74
Major trend remains bullish, no major signs of reversal seen
Bearish divergence seen on hourly charts raises scope for weakness
Break below 5-DMA finds next major support at 21-EMA at 344.70
Retrace below cloud and 200-DMA will see resumption of weakness
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
