Bitcoin Cash Token Heading Lower to Retest Its Vital DMA Lines#cryptonew#bitcoincash

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Bitcoin cash token is facing rejection from the higher levels and currently heading towards the vital moving averages with average volume activity.
Currently, the crypto asset is trading above all critical moving averages of 20, 50, 100, and 200-day lines.
The pair of BCH/BTC is trading at 0.01037 BTC with a minor intraday gain of +0.97%, and the ratio of BCH/ETH is CMP at 0.1432 ETH with a 24-hour change of +0.38%
Bitcoin cash token at the monthly chart is trading under pressure, after a sharp decline from higher levels and now heading lower. Moreover, the volume activity is average and needs to grow strongly for a strong reversal from lower levels. BCH is currently trading under the resistance and support line while making higher highs and lows patterns. Now, the crypto asset is heading its make or break lines of vital moving averages of 20, 50, 100, and 200-day lines.

Since the past few trading sessions, the crypto asset has been placed under the range of $370 to $860 with no sign of significant momentum. Support on the lower side is $620 and $560, whereas resistance on the higher side is $740 and $810.
Bitcoin cash token at the weekly chart is trading sideways, after a decline from the higher levels
Bitcoin cash token at the weekly chart is trading sideways, after a decline from the higher levels. Meanwhile, the technical parameters are lower with slight sustainability near-neutral zone, and volume activity is lower. The digital asset witnesses little selling pressure from the higher levels and now trying to sustain flat in a neutral zone. BCH’s price is trading at $659 with an intraday gain of +0.56%, and the volume to market cap ratio is 0.08494.
Relative Strength Index (NEUTRAL): Bitcoin cash token RSI is getting flat near the neutral zone. The coin is trying to sustain at current levels after selloff from higher levels and RSI at 47.
Moving Average Convergence Divergence (NEUTRAL): The daily chart projects a bearish trend with a bearish crossover at the 4-hour time frame. At the same time, the buyer’s signal line (green) is heading towards the seller’s line (red) for the upcoming positive crossover.

Support levels: $620 and $560

Resistance levels: $740 and $810.