🔥 BCH Resistance Held: Reversal Soon?
A couple of weeks ago I made an analysis on BCH. Here I argued that once we closed above the $715 resistance level, a push towards $800 was imminent.
$800 was indeed reached. However, the resistance was so strong that it caused a massive reversal once Bitcoin fell, pushing BCH back into the support area between $800 - $715.
I'm expecting this bearish move to be of a short duration. First BCH should move back to $800, which can happen this week once BTC settles down a bit.
In the coming weeks I'm expecting BCH to push towards the next target based around $940.
Happy trading!
$800 was indeed reached. However, the resistance was so strong that it caused a massive reversal once Bitcoin fell, pushing BCH back into the support area between $800 - $715.
I'm expecting this bearish move to be of a short duration. First BCH should move back to $800, which can happen this week once BTC settles down a bit.
In the coming weeks I'm expecting BCH to push towards the next target based around $940.
Happy trading!
🎯Official Channel: t.me/FieryTradingChannel
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
📈Try my Premium Signals for FREE - 80% Win-Rate: t.me/FT_Futures_free
✅Monster Signals: t.me/monster_cryptosignals
🔥Premium Signals: fierytrading.com
Related publications
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.