Resistance here, heading back to $300, hold, then back to $720Price really wants to go to $500, but the psychological affect of not wanting to buy at the top is weighting down on the price action.
As you can see based of volume, a lot of ppl bought pretty low, so they are in no hurry to sell. However, a lot of new buyers are not that eager to drop $500 on what used to cost on average $120. So i can expect some stronger than usual distribution here.
Also, right now is very critical juncture for price as u can see, we about to hit D-E pattern and resistance line.
It feels like BTC is still going to have struggling time with 8k-9k and it is going affect alt coins.
Either way, though, those that got BCH around 100$ are very solid and should hodl for as long they think is right.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
