After a great run, BCH is cooling down a bit. We are in a descending triangle just below the weekly resistance. The triangle is likely to break-up as long as the momentum in the market is maintained with BCH having as next target $1,000. For that play, see my long term idea below.
If you plan to reload, wait for price to come lower to the most probably support at Fib 23.6% or $530. If we break below further, the next support is at are at $470.
Overall the bias for BCH is very bullish long term. Last ATH was at 4,400 USD so we have a LONG way to go up.
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If you plan to reload, wait for price to come lower to the most probably support at Fib 23.6% or $530. If we break below further, the next support is at are at $470.
Overall the bias for BCH is very bullish long term. Last ATH was at 4,400 USD so we have a LONG way to go up.
Like and follow!
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