Crypto Technicals: BCH/USD extends slide, eyes 200-DMA at 226

BCH/USD chart - Trading View 

Exchange - Coinbase

Support: 226 (200-DMA); Resistance: 253 (5-DMA)

Technical Analysis: Bias Bearish

- BCH/USD is extending grind lower along downward sloping 5-DMA

- The pair has been rejected at strong trendline resistance 

- Bears eye 200-DMA support at 226, break below will see further weakness

- Technical indicators are bearish. RSI is well below 50 and sharply lower

- Momentum studies are bearish. Volatility is on the rise

- Price is currently holding support at 55-EMA at 235, break below will see drag till 200-DMA

- 5-DMA is immediate resistance at 253. Break above will see some upside

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