. BCHUSD Price Chart Technical Analysis, News and Trade Signals

BCHUSD Price Chart Technical Analysis, News and Trade Signals

19 May 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 trading below zero which indicates bearishness.

The immediate support is at 149.888 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

BCHUSD Price Chart 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 175.888 and the resistance level is at 232.575

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 142.376, TAKE PROFIT AT 25.938, AND STOP-LOSS AT 217.498