BCHUSDT appears to be following BTC in the current rally despite a previously inversely correlated relationship. BCH has broken through the one major resistance point on the down trend and is heading for another one, experienced some pullback, and has broken through the (minor) resistance on the pullback and bounced on the 200MA on the 4HR. These are all bullish signals and considering that BCH is currently moving up despite BTC bleeding the rest of the market, it would appear BCH is preparing for a rally of its own. A restest of resistance at 100Ma and .05 Fib can be expected. Note
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BCH attempting to break through a secondary resistance point here. First TP Hit, Second TP in sight.
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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.