- 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.
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).