Following the previous analysis, the price of #BCH returned to the $400.0 area and reacted to it again.
It is now moving above the demand level of $340.0-350.0. By checking the trend of this currency, it can be seen that the price may fluctuate for a while in these areas and then start to grow. Maintaining the current level is very important for the price. In fact, maintaining this level means continuing the upward trend and breaking from this level means starting the downward trend..
🎓 @Bluebitcoins
It is now moving above the demand level of $340.0-350.0. By checking the trend of this currency, it can be seen that the price may fluctuate for a while in these areas and then start to grow. Maintaining the current level is very important for the price. In fact, maintaining this level means continuing the upward trend and breaking from this level means starting the downward trend..
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Forwarded from Blue Bitcoins
#BitcoinCash has seen an unsuccessful breakout of the bearish channel on the daily time frame, followed by a sharp price drop.
#BCH dropped for the second time to the demand level of $285.0-295.0 and then recovered.
Now, with the price reaching the ceiling of the descending channel, there is a possibility of crossing the $400.0 resistance.
But if this time the price cannot cross the dynamic resistance, we will see a fall back to the support level.
#BCH dropped for the second time to the demand level of $285.0-295.0 and then recovered.
Now, with the price reaching the ceiling of the descending channel, there is a possibility of crossing the $400.0 resistance.
But if this time the price cannot cross the dynamic resistance, we will see a fall back to the support level.