BCH/USD chart - Trading View
Exchange - Coinbase
Support: 379.57 (4H 200-SMA); Resistance: 414.72 (20-DMA)
Technical Analysis: Bias Bearish
Bitcoin Cash trades rangebound at 393.59 at 11:25 GMT.
Upside remains capped at 5-DMA, price action pivotal at 4H 200-SMA.
Momentum studies are bearish. Bearish 5-DMA crossover on 20-DMA adds to bearish tone.
GMMA indicator shows a shift in trend on the 4-hourly charts. Further Stochastic RSI has approached overbought territory.
Break below 4H 200-SMA eyes 38.2% Fib at 326.67. Retrace above 20-DMA negates bearish bias.
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
