BCHUSD (Bitcoin Cash) Price Chart Technical Analysis, News and Tips

BCHUSD (Bitcoin Cash) Price Chart Technical Analysis, News and Tips

BCHUSD Technical Analysis

BCHUSD Technical Analysis: Weekly Chart

BCHUSD 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 trading below zero which indicates bearishness.

The immediate support is at 134.864 and the resistance level is at 255.815

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

BCHUSD Technical Analysis: Daily Chart

BCHUSD Technical Analysis

In the daily charts, BCHUSD is trading within a rectangle.

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 166.842 and the resistance level is at 212.524

BCHUSD is trading within a rectangle until there is a breakout or a breakdown.

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 22.182, AND STOP-LOSS AT 183.694

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