#BCH
The price is close to the resistance area, and there is a possibility of reaction to the resistance and price decline.
The price is close to the resistance area, and there is a possibility of reaction to the resistance and price decline.
#BCH
After reaching the bottom of the channel, the price was very strongly supported and pumped about 100%. It is expected that the price will continue to grow, if the dynamic support is broken, the price will fall to the bottom of the channel.
After reaching the bottom of the channel, the price was very strongly supported and pumped about 100%. It is expected that the price will continue to grow, if the dynamic support is broken, the price will fall to the bottom of the channel.
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#BCH
After the 35% drop, the price reached the bottom of the ascending channel and the ascending harmonic pattern was completed.
The channel is still valid and the bottom area of the channel is considered a good support.
It is expected that the price will fall to the bottom of the channel and reach the support level of $350.0-380.0 after breaking the channel.
After the 35% drop, the price reached the bottom of the ascending channel and the ascending harmonic pattern was completed.
The channel is still valid and the bottom area of the channel is considered a good support.
It is expected that the price will fall to the bottom of the channel and reach the support level of $350.0-380.0 after breaking the channel.
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#BCH, after trying to break, rejected at the resistance level.
The double top pattern has just been completed, and according to that, the downward scenario, it will continue.
If the price can successfully break the support level of $440.0 - $450.0 , we can expect to move according to the pattern and decrease to $400.0 .
If the price is supported from the current level, it is possible for the price to return to the resistance level of $520.0-$530.0, although according to the current situation, the downward scenario is more likely.
The double top pattern has just been completed, and according to that, the downward scenario, it will continue.
If the price can successfully break the support level of $440.0 - $450.0 , we can expect to move according to the pattern and decrease to $400.0 .
If the price is supported from the current level, it is possible for the price to return to the resistance level of $520.0-$530.0, although according to the current situation, the downward scenario is more likely.
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According to the downward pattern formed on the chart and the previous analysis, the price of #BCH decreased by about 20%.
The formation of an excellent and valid example of the double top pattern, which is a return pattern and indicates that the upward trend will change to a downward trend in the $BCH chart, in the first step, caused the price to drop to $400.0, which was actually the main target, but The bearish trend continued strongly and the price dropped to the important demand level of $340.0-350.0, ( this level is very important in the daily and 4-hour time frame ) , then strongly returned from that area.
Probably, the price will have a little fluctuation in this area, and then it will move towards important resistances.
The formation of an excellent and valid example of the double top pattern, which is a return pattern and indicates that the upward trend will change to a downward trend in the $BCH chart, in the first step, caused the price to drop to $400.0, which was actually the main target, but The bearish trend continued strongly and the price dropped to the important demand level of $340.0-350.0, ( this level is very important in the daily and 4-hour time frame ) , then strongly returned from that area.
Probably, the price will have a little fluctuation in this area, and then it will move towards important resistances.
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Following the previous analysis, the price of #BCH returned to the $400.0 area and reacted to it again.
It is now moving above the demand level of $340.0-350.0. By checking the trend of this currency, it can be seen that the price may fluctuate for a while in these areas and then start to grow. Maintaining the current level is very important for the price. In fact, maintaining this level means continuing the upward trend and breaking from this level means starting the downward trend.
It is now moving above the demand level of $340.0-350.0. By checking the trend of this currency, it can be seen that the price may fluctuate for a while in these areas and then start to grow. Maintaining the current level is very important for the price. In fact, maintaining this level means continuing the upward trend and breaking from this level means starting the downward trend.
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#BitcoinCash has seen an unsuccessful breakout of the bearish channel on the daily time frame, followed by a sharp price drop.
#BCH dropped for the second time to the demand level of $285.0-295.0 and then recovered.
Now, with the price reaching the ceiling of the descending channel, there is a possibility of crossing the $400.0 resistance.
But if this time the price cannot cross the dynamic resistance, we will see a fall back to the support level.
#BCH dropped for the second time to the demand level of $285.0-295.0 and then recovered.
Now, with the price reaching the ceiling of the descending channel, there is a possibility of crossing the $400.0 resistance.
But if this time the price cannot cross the dynamic resistance, we will see a fall back to the support level.
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