BCHUSDT is trading inside a descending channel, indicating that the broader trend remains bearish. Price recently faced rejection near the upper channel resistance and is now drifting back toward the middle of the channel.
📍 Current Price: ~212 USDT
🟢 Key Support: 180–190 USDT
🔴 Key Resistance: 224–245 USDT
Bullish Scenario
A daily close above the descending channel resistance would invalidate the bearish structure and could trigger a stronger recovery.
🎯 Breakout Target: 224.49 USDT
🎯 Extended Target: 245–260 USDT if bullish momentum continues.
Bearish Scenario
As long as BCH remains below the channel resistance, sellers retain control.
📉 Downside Target: 190 USDT
📉 Major Support: 180 USDT
⚠️ Invalidation: A daily close above 245 USDT would invalidate the bearish outlook.
Market Outlook: Bearish to Neutral. BCH remains trapped inside a descending channel. Until buyers reclaim the upper trendline, the probability favors continued consolidation or another move toward the lower support zone.
📍 Current Price: ~212 USDT
🟢 Key Support: 180–190 USDT
🔴 Key Resistance: 224–245 USDT
Bullish Scenario
A daily close above the descending channel resistance would invalidate the bearish structure and could trigger a stronger recovery.
🎯 Breakout Target: 224.49 USDT
🎯 Extended Target: 245–260 USDT if bullish momentum continues.
Bearish Scenario
As long as BCH remains below the channel resistance, sellers retain control.
📉 Downside Target: 190 USDT
📉 Major Support: 180 USDT
⚠️ Invalidation: A daily close above 245 USDT would invalidate the bearish outlook.
Market Outlook: Bearish to Neutral. BCH remains trapped inside a descending channel. Until buyers reclaim the upper trendline, the probability favors continued consolidation or another move toward the lower support zone.
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FOLLOW MY TELEGRAM CHANNEL FOR FREE : bit.ly/3JfrpgV
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.