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 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

BCHUSD Technical Analysis

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:

TRADE SUGGESTION: SELL AT 151.415, TAKE PROFIT AT 32.545, AND STOP-LOSS AT 210.852

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