BCHUSD (Bitcoin Cash) Price Chart , Technical Analysis, And News

BCHUSD (Bitcoin Cash) Price Chart , Technical Analysis, And News

BCHUSD 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 (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 142.376 and the resistance level is at 375.254

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 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 164.786 and the resistance level is at 205.824

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 131.108, TAKE PROFIT AT 14.668, AND STOP-LOSS AT 209.986

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