BCH analysis

22 thg 3, 2022

Now the price has entered our resistance zone and MACD shows great momentum while KDJ is in overbought conditions suggesting that the resistance level is reached and the rate is likely to fall. Yesterday the market just retreated symbolically with little actual pull back, but this time all the pressure amounted together would create a bigger slide. So short-term drop is most likely to happen but as long as the price didn't break down the support zone, we are still in an uptrend. Whether today's candlestick can close above 339 is also an important indicator.