BCH/USD chart - Trading View
Exchange - Coinbase
Support: 400.80 (55-EMA); Resistance: 431.50 (20-DMA)
Technical Analysis: Bias Neutral to slightly bullish
BCH/USD edges lower from session highs at 428.98, retraces below 21-EMA.
News of shuts down of Polish cryptocurrency exchange 'Bitmarket' may have dampened bulls.
The pair was trading at 417.25, up just 0.09% at around 10:25 GMT.
Daily cloud is offering strong support to the pair. 5-DMA is also turning.
Stochs are on verge of rollover into neutral territory and RSI hovers around 50 levels.
Decisive close above 21-EMA could see further upside. Upper Bollinger band at 490 will be the next bull target.
55-EMA is strong support at 400 levels. Break below will see weakness. Dip till 110-EMA at 355 then likely.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
