BCH/USDT ANALYSIS
BCH/USDT seen here on Bittrex touching our support line of $1181 so now we can see a sideways movement or a pivot to upside or downside.
We have a bullish MACD touching on the 4HR so we will watch this, if support of $1181 holds we can see $1382 short term target to take profit, I will personally
not enter here but for shorters you can open short here and wait for $1040, I will wait for more confirmations before entry
We also see a local resistance at $1319 that is not marked by FIB levels.
Support: $1181/$1040
Resistance: $1319/$1382/$1638
As always use 3% SL or SL at your discretion to protect your funds
We have a bullish MACD touching on the 4HR so we will watch this, if support of $1181 holds we can see $1382 short term target to take profit, I will personally
not enter here but for shorters you can open short here and wait for $1040, I will wait for more confirmations before entry
We also see a local resistance at $1319 that is not marked by FIB levels.
Support: $1181/$1040
Resistance: $1319/$1382/$1638
As always use 3% SL or SL at your discretion to protect your funds
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