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 155.130 and the resistance level is at 378.012
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 below its previous 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 178.556 and the resistance level is at 216.624
BCHUSD is trading outside and below 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:
