📊 Graph analysis – BCH/USDT (1h)
#BCH #bchusdt #WriteToEarnUpgrade $BCH 📉 Current price: 651.2
24h Variation: +1.77%
Context: consolidation after a strong recent upward movement, with slight correction in the short term.
📊 Price structure
• Recent high at 669.6, followed by rejection.
• Correction to the region of 645–650, where the price is trying to stabilize.
• Overall structure still positive, without loss of important supports.
• Current movement suggests a pullback within the upward trend.
📈 Moving averages
• MA(7) turned down, showing a loss of immediate momentum.
• MA(25) serving as dynamic support in the current region.
• MA(99) well below and ascending, reinforcing that the main trend remains positive.
📉 Volume
• Increase in volume on the breakout indicates strong buying interest.
• Weaker volume in the current correction suggests profit-taking, not aggressive selling.
📌 RSI
• RSI(6): ~38 → weakened in the very short term.
• RSI(12): ~49 → neutral zone.
• RSI(24): ~54 → still healthy in the larger context.
➡️ Indicates technical correction, with no clear reversal signal.
🧱 Supports
• 645.0
• 636.0 (recent low)
🚧 Resistances
• 658.0
• 669.6 (recent high)
🎯 Final reading
BCH is making a healthy pullback after the rise, finding support at the moving averages. As long as it stays above 645, the scenario favors consolidation and possible resumption. Losing this level could widen the correction in the short term.