Bitcoin Cash (BCHUSD): Consolidation & Indecision
Very peculiar situation on Bitcoin Cash:
the price is currently consolidating within a horizontal trading range.
122 - 125 is its resistance.
106 - 109 is its support.
To catch a bearish continuation, wait for a bearish breakout of the support of the range.
We need a daily candle close below that to confirm the breakout.
A bearish continuation will be expected to 97 level then.
To catch a bullish move, we need a daily candle close above the resistance of the range.
Then, a bullish continuation will be expected to 134.
Wait for a breakout and then follow the market.
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