BCH is forming a head and shoulders pattern, which is currently being confirmed by volume, as the volume is decreasing steadily at all 3 peaks.
If the bears sink the price below the neckline, that will be a very bad signal. Once the head and shoulders pattern is successful, the next price could be at $167.
On the other hand, to be able to enter the uptrend, BCH needs to rise above the $350 level.
If the bears sink the price below the neckline, that will be a very bad signal. Once the head and shoulders pattern is successful, the next price could be at $167.
On the other hand, to be able to enter the uptrend, BCH needs to rise above the $350 level.
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