Hi friends,
In today's analysis, we pay attention to BCH in the daily time frame.
We have a significant daily support level at the price of $260.
We have a local resistance area for $321, which is good for entering long positions.
The main major daily resistance is at the price level of $404. We also have a daily resistance trend line, which has three touches, and it's confirmed.
In recent days, the trading volume has decreased in this area, which somehow indicates that it might be a pullback of the current downtrend.
In today's analysis, we pay attention to BCH in the daily time frame.
We have a significant daily support level at the price of $260.
We have a local resistance area for $321, which is good for entering long positions.
The main major daily resistance is at the price level of $404. We also have a daily resistance trend line, which has three touches, and it's confirmed.
In recent days, the trading volume has decreased in this area, which somehow indicates that it might be a pullback of the current downtrend.
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.
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.