📊 Technical Analysis – BCH/USDT (1h)
Current Price: $596.90 | 24h Variation: +1.39%
📈 Moving Averages (MA):
• MA(7): $602.90
• MA(25): $604.30
• MA(99): $565.20
The asset has lost the short average (MA7) and the intermediate average (MA25), indicating weakness in the short term. The MA99 still supports an upward trend in the medium term.
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📉 Technical Indicators:
• RSI(6): 34.8
• RSI(12): 45.5
• RSI(24): 53.0
The RSI(6) is close to the oversold zone, which may signal a possible reversal or relief in the downward movement. RSI(12) and (24) show weakening of buying strength.
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📊 Volume:
Volume is still moderate, with peaks during the rise, but without strong selling pressure at the moment.
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📌 Supports and Resistances:
• Immediate Resistance: $604 (MA25)
• Support: $583.80 (daily low) and $565 (MA99)
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📌 Technical Conclusion:
Despite the accumulated rise, BCH shows signs of correction. The loss of short moving averages suggests caution in the short term, with the RSI indicating possible selling exhaustion.
Trend: Neutral with a bearish bias in the short term. Medium term still slightly bullish.
