Bitcoin Cash Technical Analysis: BCH/USD struggles to hold above $700

• BCH/USD finds support near $680, stages a technical recovery before losing its momentum after reaching a daily high at $712.50.
• $600 support still looks vulnerable as today’s gains don’t seem enough to change the medium-term bearish outlook with the daily RSI staying below the 40 mark.

BCH/USD 4-hour chart

Spot rate:                    694

Relative change:         +1.16%

High:                            712.5

Low:                             683

Trend:                        Neutral/Bearish

Support 1:                 650 (Jun 28/Jun. 29 low).

Support 2:                 600 (Apr. 4/5 low/2018 low).    

Support 3:                 520 (Nov. 9, 2017, low).    

Resistance  1:             734 (20-DMA).

Resistance 2:             800 (psychological level).

Resistance 3:             883 (50-DMA).