BitcoinCash BCH USD ready for new low
Updated
In my past BCH analysis we have seen down rally got support near $275, and we used it as buying during pullback wave.
As we can see from our 4 hour chart there has been price rejection around $325 resistance. The BCH is ready for downward moment.
The new bottom we are looking here is (240) Target1 278, Target2 262, Target3 240 placed above support zone. Last wave going up touching 325 was just pullback and price rejection has seen twice at same level. Until then go short if your analysis matches mine. STOP LOSS near $330.
We will analyze again when it reaches near next support based on how it reacts with it. Please like, follow and let me know if you looking analysis for other coins, I will try my best
As we can see from our 4 hour chart there has been price rejection around $325 resistance. The BCH is ready for downward moment.
The new bottom we are looking here is (240) Target1 278, Target2 262, Target3 240 placed above support zone. Last wave going up touching 325 was just pullback and price rejection has seen twice at same level. Until then go short if your analysis matches mine. STOP LOSS near $330.
We will analyze again when it reaches near next support based on how it reacts with it. Please like, follow and let me know if you looking analysis for other coins, I will try my best
Trade closed: stop reached
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.