. BCHUSD (Bitcoin Cash) Price Chart Technical Analysis and News - CSFX

BCHUSD (Bitcoin Cash) Price Chart Technical Analysis and News

28 Apr 2022

BCHUSD Technical Analysis: Weekly Chart

BCHUSD Price Chart Technical Analysis

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 below zero which indicates bearishness.

The immediate support is at 256 and the resistance level is at 502.

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

BCHUSD Technical Analysis: Daily Chart

BCHUSD Price Chart Technical Analysis

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 below zero which indicates bearishness.

The immediate support is at 278 and the resistance level is at 324.

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 230, TAKE PROFIT AT 138 AND STOP LOSS AT 302