#BCH Technical Analysis in a Daily Timeframe

10 Eyl

Hello everyone, I’m Cryptorphic.
I’ve been sharing insightful charts and analysis for the past seven years.

Follow me for:
~ Unbiased analyses on trending altcoins.
~ Identifying altcoins with 10x-50x potential.
~ Futures trade setups.
~ Daily updates on Bitcoin and Ethereum.
~ High time frame (HTF) market bottom and top calls.
~ Short-term market movements.
~ Charts supported by critical fundamentals.

Now, let’s dive into this chart analysis:

BCH has rebounded from the support we mentioned in our previous video. The price is currently approaching the resistance trendline and the 50 EMA, which ranges between $345 and $363.

BCH needs to break out and close above this resistance level to remain bullish. A rejection will likely push the price down to the lower channel.

Key levels:

- Primary Resistance: $345-$363.
- Primary Support: $292.
- Lower Support/Decent Accumulation: $228.
- Targets: $444, $520, $616, $720.

DYOR, NFA.

Please hit the like button to support my content and share your thoughts in the comment section. Feel free to request any chart analysis you’d like to see!

Thank you!

#PEACE