BCHUSD
- Overall Trend: The chart shows a bullish surge in February-March, followed by a gradual downtrend since the peak in March.
- Price Range: The price ranged from a low of around $212 to a high of about $719 during this period.
- Key Levels:
➢Support: There appears to be support around the $300-$320 level.
➢Resistance: Major resistance was met around $700-$720. - Moving Averages: The chart includes two moving averages (likely short-term and long-term). There were several crossovers, indicating trend changes.
- Volume: Volume spikes coincided with major price movements, particularly during the February-March rally.
- Volatility: High volatility is evident, especially during the sharp price increase and subsequent decline in February-March.
- Current Situation: The price is currently in a consolidation phase, trading sideways with lower highs and higher lows, possibly forming a triangle pattern.
- Indicators: While not explicitly shown, the chart includes what appear to be Bollinger Bands, which have been contracting recently, suggesting decreased volatility.
- Market Structure: There are clear areas of accumulation (sideways movement) followed by distribution (price drops).
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.