BCHUSD (Bitcoin Cash) Price Chart Technical Analysis and News

BCHUSD (Bitcoin Cash) Price Chart Technical Analysis and News

BCHUSD Price Chart Technical Analysis

BCHUSD Technical Analysis: Weekly Chart

Bitcoin Cash Price Chart

In the weekly charts, BCHUSD is trading within a descending triangle.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 251.302 and the resistance level is at 378.800

BCHUSD is trading within a descending triangle until there is a breakdown.

BCHUSD Technical Analysis: Weekly Chart

Bitcoin Cash Price Chart

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

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 278.463 and the resistance level is at 312.420

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

How to trade BCHUSD this week:

BCHUSD is trading within a descending triangle until there is a breakdown. If the price breakdowns, the following opportunity can be taken:

TRADE SUGGESTION: SELL AT 250.502, TAKE PROFIT AT 155.418, AND STOP-LOSS AT 321.014

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