BCHUSD (Bitcoin Cash) Price Chart Technical Analysis and News
12 May 2022
BCHUSD Technical Analysis: Weekly Chart
In the weekly 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 112.326 and the resistance level is at 382.765
BCHUSD is trading in a downward channel until there is a trend reversal.
BCHUSD Technical Analysis: Daily Chart
In the daily charts, BCHUSD has broken down further below its previous downward channel.
It is trading below all SMAs: MA (20), MA (50), and MA (100).
RSI is in over-sold zone which indicates extreme bearishness. MACD is currently trading below zero which indicates bearishness.
The immediate support is at 145.174 and the resistance level is at 382.765
BCHUSD is trading after breaking down further from its previous 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: