BCH/USD has broken strong support at 2385 on 2H charts, bias bearish.
The following technical indicators support downside:
- 2H 5-SMA sharply lower, 20-SMA has turned.
- -ve DMI dominance, ADX above 25 and rising.
- Stochs and RSI are sharply lower.
- Bollinger bands are widening.
- Gravestone Doji formation on daily charts.
Support levels - 2257/ 2207/ 2187
Resistance levels - 2400/ 2470/ 2500/ 2525
Recommendation: Short rallies around 2400, SL: 2480, TP: 2300/ 2230/ 2200
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