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Crypto Technicals: BCH/USD struggles at 21-EMA, 'Bearish Divergence' keeps scope for downside

BCH/USD chart - Trading View 

Exchange - Coinbase

Support: 356.33 (55-EMA); Resistance: 397.17 (21-EMA)

Technical Analysis: Bias Bearish

Bitcoin Cash extends sideways grind, upside capped at 21-EMA at 397.17.

The pair is trading 2.92% lower on the day at 382.60 at 12:20 GMT.

Technical indicators are biased lower. RSI has slipped below 50 mark.

Momentum with the bears. 'Bearish Divergence' on RSI and Stochs adds to the bearish bias.

Minor recovery attempts capped at 200H SMA, break above could see minor upside.

Volatility is rising on the hourly charts. Scope for dip till 55-EMA at 356.33. Further weakness could see test of 38.2% Fib at 326.67

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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July 2 15:00 UTC Released

DKCurrency Reserves

Actual

449.6 Stale

Forecast

Previous

451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

Actual

50 %

Forecast

Previous

48.6 %

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776466776466m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 776466776466m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 764646764646m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

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