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Crypto Technicals: BCH/USD extends choppy trade along 20-DMA, bias bearish
BCH/USD chart - Trading View
Exchange - Coinbase
Support: 214.15 (Lower BB); Resistance: 236.18 (21-EMA)
Technical Analysis: Bias Bearish
Bitcoin Cash resumes range trade, after recovery attempts failed at 21-EMA.
BCH/USD was trading at 225.56 on the day, down 1.06% at 11:00 GMT.
Volatility is extremely low and the pair is set to show a breakout which could provide a clear directional bias.
Major trend in the pair is bearish. Break below strong support at 208.15 (rising trendline) to plummet prices.
21-EMA is major resistance at 236.18, decisive break above required for further gains.