Passed the test.. Long-term still bullish :)
As you can see from the chart, BCH recently broke out of a long term formation, with strong upper resistance shown. It is fairly well established that in order to confirm a break out, the previous upper resistance must turn in to a lower support level. We tested that level yesterday, and saw that BCH found strong support. Up from here :)
Not trading advice
Not trading advice
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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.