BCHUSDT Market Analysis

The support level has been broken with great volume. In a downtrend with the price creating a lower low, the previous low is slated to break thus 262 is not able to be a support anymore. The next support we can find in the history chart is at 237. Now the price is trying to pull back but resisted by the used to be a support but now-resistance level. It could get a chance to touch MA50 first though then go down again.