Crypto Technicals: BCH/USD slips below 21-EMA, technical bias is turning bearish

BCH/USD chart - Trading View

Exchange - Coinbase

Support: 321.58 (20-DMA); Resistance: 348.27 (55-EMA)

Technical Analysis: Bias turning bearish

Bitcoin Cash is slipping below 21-EMA, raising scope for further weakness.

Technical indicators are turning slightly bearish on the daily charts.

RSI has fallen below 50 mark and Stochs are showing a reversal from overbought levels.

Recovery was capped below 200H SMA on the hourly charts. A 'Death Cross' formation adds to the bearish bias.

Immediate support is seen at 20-DMA at 321.53. Break below eyes 200-DMA at 277.28.

On the flipside, 55-EMA is major resistance. Breakout negates bearish bias.

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