BCH Technical Analysis in a Daily Timeframe

2 Ağu

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Now, let’s dive into this chart analysis:

BCH has broken above the symmetrical triangle pattern and is currently retesting. With the current price at $402, it is likely to see a further retest down to $346.

A rebound is likely to follow right after the retest. Once a rebound is confirmed, BCH is likely to rally up to $720 (110%) from the lower support.

Key levels:

- Primary Support/Entry 1: $346
- Lower Support/Entry 2: $292
- Target: 50%-100%.
- Invalidation: A close below support 2 price level.

DYOR, NFA

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