BCH/USD chart - Trading View
Exchange - Coinbase
Support: 209.75 (Trendline); Resistance: 236.32 (5-DMA)
Technical Analysis: Bias Bearish
BCH/USD edges higher from session lows at 215.75, bias strongly bearish.
The pair is extending weakness below daily cloud, is on track to test trendline support at 209.75.
Technical indicators are strongly bearish. Oscillators are at oversold, but no signs of reversal seen
The pair is extending downside for the 2nd straight week after Doji formation at highs on the weekly chart.
Violation at trendline support at 209.75 is likely to plummet prices further, drag till 78.6% Fib at 168.35 likely.
5-DMA is immediate resistance at 235.92. Bounce off trendline support and break above 5-DMA could see gains till 50-DMA at 251.87.


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