Bitcoin Cash Falls 4.11% as Binance Account Positioning Skews Long

Bitcoin Cash (BCH) fell 4.11% to $275.10 during the cited 24-hour period, trading between $257.40 and $286.90 as Binance account positioning remained skewed long. Binance spot volume was $15.22 million. BCH traded below its seven-day simple moving average at $279.29, its 12-day exponential moving average at $288.12, its 26-day EMA at $288.38, its 20-day SMA at $305.91 and its 200-day SMA at $299.54. It remained above the 50-day SMA at $273.95. Momentum indicators were subdued. The 14-period relative strength index was 44.73, while the stochastic oscillator showed %K at 27.11 and %D at 21.68.