Bitcoin Cash / U.S. Dollar Weekly Timeframe

Bitcoin Cash / U.S. dollarBitstamp

Description

⋅ Jan 1, 2021 6:34 PM

Many people have been asking for Bitcoin Cash / U.S. Dollar (BCHUSD) so here it is...

Let's start with the long-term weekly chart, a correction is possible:

Last week we had a bearish candle and this week, if prices close below $346, we will have another bearish candle, signaling a correction/retrace.

The support is found first at EMA10 or $302 and later the rising trendline in orange which is matching EMA50.

After this, we can analyze the next move.

For BCHUSD to continue straight up, we would need a weekly close above $361/$379, this is strong resistance right now (matching EMA100).

That's it.

I hope you enjoyed it.

Namaste.

Comments

tae9141

⋅ Jan 3, 2021 4:38 PM

Sir, Do you think BCH will enter the correction soon ?

Pro_Trader_HTBB

⋅ Jan 3, 2021 12:47 PM

tae9141

⋅ Jan 7, 2021 11:31 AM

@HowToBuyBitcoindotnetdotau, what does that mean for BCH?

deysontiago2

⋅ Jan 2, 2021 1:07 AM

Alam Top

Forevergrateful

⋅ Jan 1, 2021 7:47 PM

Hi @alanmasters not sure if you will even read this but in case you do, can you do chart on YFIUSD?

AlanSantana

⋅ Jan 1, 2021 7:47 PM

@Forevergrateful, I'll have a look.

Forevergrateful

⋅ Jan 1, 2021 7:49 PM

@alanmasters, :D :D :D thank you!!!!

AlanSantana

⋅ Jan 1, 2021 7:49 PM

@Forevergrateful, Here...

Forevergrateful

⋅ Jan 1, 2021 8:17 PM

@alanmasters, Thanks, Alan!! Ive been debating long time now if to invest in YFI and was so confused, this really helps. Ill wait a watch for now which direction it takes and follow you chart :) Thanks!! Stay blessed

kliviarocha

⋅ Jan 1, 2021 7:05 PM

Obrigada pela excelente análise!!!