BCH just broke out of an established bearish channel but has reversed at a key resistance level, ~$652, which can be identified matching the tops from the previous bearish channel with a Fib retracement. Note the Stoch crossover and reversal as well.
I think we will reverse and break this barrier soon (if the new bullish channel holds, the price shouldn't be able to dip too much below $598). A bullish Kumo twist is developing, which is a good sign for the Long setup. Two key levels to watch: the 652 resistance and then the 730 resistance. If we break 730, we may see bullish action all the way to 861.
I think we will reverse and break this barrier soon (if the new bullish channel holds, the price shouldn't be able to dip too much below $598). A bullish Kumo twist is developing, which is a good sign for the Long setup. Two key levels to watch: the 652 resistance and then the 730 resistance. If we break 730, we may see bullish action all the way to 861.
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