BCHUSD Technical Analysis, Forecast and Trade Signals
17 Jun 2022
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 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
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: