BCH has been in a farily steady fall for a couple of days, so perhaps more of a test for the support than previous drops. With current volume levels, I would expect the price to creep along on the support until some bulls or bears arrive, but which will it be? I'm watching...
There is not much volume to carry the price higher, and not much to pull it down either, right now. If it stays above its support line, there may still be some profit in going long on BCH, even though the reistance of its current channel is not too far up.
There is not much volume to carry the price higher, and not much to pull it down either, right now. If it stays above its support line, there may still be some profit in going long on BCH, even though the reistance of its current channel is not too far up.