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Crypto Technicals: Bitcoin Cash pivotal at 4H 200-SMA, break below eyes 38.2% Fib at 326.67

Thursday, June 6, 2019 11:47 AM UTC

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.

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Crypto Technicals: Bitcoin Cash pivotal at 4H 200-SMA, break below eyes 38.2% Fib at 326.67

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