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Crypto Technicals: BCH/USD extends consolidation, intraday bias neutral

Mon, 20 May 2019, 12:42 pm UTC

BCH/USD chart - Trading View

Exchange - Coinbase

Support: 344.70 (21-EMA); Resistance: 439.92 (Upper BB)

Technical Analysis: Bias Neutral

BCH/USD trades 3.44% lower at 403.79 at 12:20 GMT

Price action is holding above 5-DMA which is immediate support at 389.74

Major trend remains bullish, no major signs of reversal seen

Bearish divergence seen on hourly charts raises scope for weakness

Break below 5-DMA finds next major support at 21-EMA at 344.70

Retrace below cloud and 200-DMA will see resumption of weakness

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

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  • Bitcoin (BTC) $8,467.33 (+1.51%)
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