BCHUSD Technical Analysis and How To Trade BCHUSD

BCHUSD Technical Analysis

BCHUSD Technical Analysis: Weekly Chart

How To Trade BCHUSD

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 85.030 and the resistance level is at 208.590

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

BCHUSD Technical Analysis: Daily Chart

How To Trade BCHUSD

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 trading below zero which indicates bearishness.

The immediate support is at 90.025 and the resistance level is at 120.780

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 65.725, TAKE PROFIT AT 7.800, AND STOP-LOSS AT 100.475

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