BCH/USD ANALYSIS

We were expecting Bitcoin Cash to trade in a small range

but we were proven wrong as it rallied for the past two days

and came close to the 50-day SMA.

The BCH/USD pair is turning down from just above $1,200 levels.

It can take support at the 20-day EMA or at the $1000 levels.

If either of the supports hold, the bulls will again

attempt to break out of the 50-day SMA and rally to $1,400 levels.

CHEERS