BCH Update

After yesterdays drop through the support area, BCH nearly hit our target by a few ticks but profits were still taken on the trade as it played out perfectly. Being flat now waiting for a potential test of the support area now turned into resistance (S/R Flip )is a wise move as we are now in no-mans-land.

RSI is turning back up while MACD has flatlined shows the indecision right now in the price, which also reflects the uncertainty of BTC's direction.

Please hit the 'like' button and give us a follow!

Let us know what you think below!

Thanks

Kommentera:

BCH tested the demand zone below taking out all the stops right under and has since moved back up. How the candle closes here is very important as a close below the zone would be more downside.

Kommentera:

BCH has blown past both supply zones since the last posting. After the first convincing break, the second trade was removed as the momentum was way too strong across the market and didn't make sense to place a trade before seeing what the next few hours would bring!

Stay safe out there guys!