BCHUSD (Bitcoin Cash) Price Chart, Forecast and Analysis

BCHUSD (Bitcoin Cash) Price Chart, Forecast and Analysis

bitcoin price cash technical analysis

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 278.664 and the resistance level is at 361.014

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 above its previous downward channel.

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

The immediate support is 336.586 and the resistance level is at 354.902

BCHUSD is trading outside and above its previous downward channel.

How to trade BCHUSD this week:

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

TRADE SUGGESTION: SELL AT 280.278, TAKE PROFIT AT 242.334 AND STOP LOSS AT 314.186

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