BCHUSD Technical Analysis: Weekly Chart

In the weekly charts, BCHUSD is trading in a downward channel.

It is trading below all SMAs: MA (5), MA (20), and MA (50).

The immediate support is at 252.190 and the resistance level is at 407.320

BCHUSD is trading in a downward channel until there is a trend reversal.

BCHUSD Technical Analysis: Daily Chart

In the daily charts, BCHUSD is trading in a downward channel.

It is trading below MA (20) but above MA (5) and MA (50).

The immediate support is 323.532 and the resistance level is at 340.289

BCHUSD is trading in a downward channel until there is a trend reversal.

How to trade BCHUSD this week:

BCHUSD is trading in a downward channel until there is a trend reversal and the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 292.272, TAKE PROFIT AT 195.250 AND STOP LOSS AT 375.506