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.
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