. BCHUSD Technical Analysis, Trade Signals and Price Chart - CSFX

BCHUSD Technical Analysis, Trade Signals and Price Chart

23 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 selling zone which indicates bearishness. MACD is currently trading below zero which indicates bearishness.

The immediate support is at 73.615 and the resistance level is at 208.085

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 within a rectangle.

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 103.635 and the resistance level is at 129.305

BCHUSD is trading within a rectangle until there is a breakout or a breakdown.

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 65.930, TAKE PROFIT AT 8.300, AND STOP-LOSS AT 104.930