BCH 1 day analysis

9 Mar 2022

Inside the resistance zone with relatively dense trading volume, It probably needs a rest in the coming day as the 2 MA lines also disperse heavily. The bullish view is After a normal pullback under the uptrend, the price will go back to this zone and eventually break it while the bearish view is the price encounter high resistance here, push it crackdown again, and goes below the previous low.