#BCH/USDT
BCH is trading between weekly ascending trend lines, also parallel descending trend line from all time high make resistance for price.
🐮 break out from descending resistance will increase price to ascending resistance that is the same with resistance zone around 0.382 fib level, and break out this zone will head up price to resistance zone between 0.5 and 0.618 fib levels.
🐻 rejection from descending resistance will drop price to ascending support that is so week because of so many touches and will drop more to long term support around $200.
BCH is trading between weekly ascending trend lines, also parallel descending trend line from all time high make resistance for price.🐮 break out from descending resistance will increase price to ascending resistance that is the same with resistance zone around 0.382 fib level, and break out this zone will head up price to resistance zone between 0.5 and 0.618 fib levels.
🐻 rejection from descending resistance will drop price to ascending support that is so week because of so many touches and will drop more to long term support around $200.
Related publications
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.
Related publications
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.