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Crypto Technicals: BCH/USD rejected at cloud, violation at 200-DMA to open up downside

BCH/USD chart - Trading View 

Exchange - Coinbase

Support: 289.13 (200-DMA); Resistance: 324.75 (20-DMA)

Technical Analysis: Bias Bearish

Bitcoin Cash hovers around $300 mark, is extending weakness for the 2nd straight session.

BCH/USD has been rejected at daily cloud and 20-DMA. Technical indicators are turning bearish on intraday charts.

Major trend is bearish. Momentum is with the bears and volatility is rising, scope for weakness.

The pair finds strong support at 200-DMA at 289.13. Violation there will open up downside.

Next major support below 200-DMA aligns at 61.8% Fib at 243.03 ahead of 227.40 (Apr 29 low).

On the flipside, breakout above cloud negates bearish bias.
 

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July 2 15:00 UTC Released

DKCurrency Reserves

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449.6 Stale

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451.7 Stale

July 2 13:45 UTC Released

USISM NY Biz Conditions

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50 %

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48.6 %

January 31 00:00 UTC 853576853576m

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2016 bln ARS

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January 31 00:00 UTC 853576853576m

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 865396865396m

ARTrade Balance

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-1541 %

January 31 00:00 UTC 853576853576m

ARAnnual Primary Balance*

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2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 865396865396m

ARTrade Balance

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Forecast

Previous

-1541 %

January 31 00:00 UTC 853576853576m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 853576853576m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 853576853576m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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