BCH/USD chart - Trading View
Exchange - Coinbase
Support: 321.58 (20-DMA); Resistance: 348.27 (55-EMA)
Technical Analysis: Bias turning bearish
Bitcoin Cash is slipping below 21-EMA, raising scope for further weakness.
Technical indicators are turning slightly bearish on the daily charts.
RSI has fallen below 50 mark and Stochs are showing a reversal from overbought levels.
Recovery was capped below 200H SMA on the hourly charts. A 'Death Cross' formation adds to the bearish bias.
Immediate support is seen at 20-DMA at 321.53. Break below eyes 200-DMA at 277.28.
On the flipside, 55-EMA is major resistance. Breakout negates bearish bias.
