This suggested a lack of interest in the coin, and unless this trend changes, sideways movement on the charts could become the norm.
The mid-point of this range lay at $332, and would likely offer some resistance to the bulls.
The RSI pictured strong bearish momentum at press time, in response to BCH’s drop from $380 over the past two weeks.
The DMI, on the other hand, did show a significant bearish trend in progress on the daily timeframe, with both the ADX and the -DI .
Neither the buyers nor the sellers were dominant, according to the OBV.
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