BCHUSDT has provided us with a nice correction since its recent bullish impulse, market is currently testing the 0.50 fibonacci and rejecting it. On the 4hr timeframe price is currently respecting this corrective counter trendline forming lower lows, we are waiting to see if the market will close above this resistance on the 4hr timeframe then we can take the long on the retest of this zone.
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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.