Is BCH going to surge?
Updated
In the BCH D chart, it can be seen that BCH has been consolidating for over a year. Recent news suggests that BCH spot trading will be available on the US exchange DEX (as the fourth currency, including BTC, ETH, and LTC). This has caused BCH to rise and break out of the consolidation range, reaching a high of 193.15.
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There are a few target price levels to watch:
196.30
210.65
222.10
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Looking at the smaller timeframe chart:
BCH has the possibility of experiencing a short-term pullback, with support in the range of:
154.55~169.00.
-
There are a few target price levels to watch:
196.30
210.65
222.10
-
Looking at the smaller timeframe chart:
BCH has the possibility of experiencing a short-term pullback, with support in the range of:
154.55~169.00.
Note
After breaking through, BCH did not experience a price pullback but instead continued its upward momentum, reaching the three mentioned targets.
BCH still has a chance to reach the target range of 251.80~263.85.
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