Bitcoin Cash / U.S. Dollar Weekly Timeframe

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.