BCHUSD (Bitcoin Cash) Price Chart Technical Analysis and News
05 May 2022
BCHUSD Technical Analysis: Weekly 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
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: