. BCHUSD Technical Analysis, Forecast and Trade Signals - CSFX

BCHUSD Technical Analysis, Forecast and Trade Signals

17 Jun 2022

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 oversold zone which indicates extreme bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 97.040 and the resistance level is at 212.270

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 in a downward channel.

It is trading below all SMAs: MA (20), MA (50), and MA (100).

RSI is in oversold zone which indicates extreme bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 101.160 and the resistance level is at 126.080

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 93.195, TAKE PROFIT AT 16.375, AND STOP-LOSS AT 143.130