BCH price action shows a bullish engulfing candle at the 50-day EMA.
BCH avoids a bearish breakdown and may regain positive momentum.
High chances of a $228 breakout, eyeing the $300 mark.
BCH manages to avoid a sharp reversal seen in many altcoins.
Late-night jump in Asian markets indicates an early phase of a bull run.
BCH faces constant rejections at the $228 overhead ceiling.
Currently trading at $212.68, sustaining above the 50-day EMA.
Intraday growth of 1.11% increases chances of challenging the $228 ceiling.
RSI reverses from the halfway line, indicating bullish momentum.
MACD and signal lines avoid a bearish crossover.
If BCH breaks $228, it could reach $300.
Resistance at $228 could lead to a fall to the 200-day EMA at around $180.
BCH avoids a bearish breakdown and may regain positive momentum.
High chances of a $228 breakout, eyeing the $300 mark.
BCH manages to avoid a sharp reversal seen in many altcoins.
Late-night jump in Asian markets indicates an early phase of a bull run.
BCH faces constant rejections at the $228 overhead ceiling.
Currently trading at $212.68, sustaining above the 50-day EMA.
Intraday growth of 1.11% increases chances of challenging the $228 ceiling.
RSI reverses from the halfway line, indicating bullish momentum.
MACD and signal lines avoid a bearish crossover.
If BCH breaks $228, it could reach $300.
Resistance at $228 could lead to a fall to the 200-day EMA at around $180.
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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.