BCH had a huge explosion upward after breakout out of the triangle and tested 2 different areas of overhead resistance before hitting resistance. (dotted red line) With rumors of an upcoming fork in the works, this should keep BCH bid up baring any sudden moves lower on BTC.
If we were to break past this resistance level, we could expect to find the next area of supply near the $700 area. On a failure to make a new high, the two supply areas below should provide support.
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If we were to break past this resistance level, we could expect to find the next area of supply near the $700 area. On a failure to make a new high, the two supply areas below should provide support.
Please hit the like button and follow!
Thanks