@Benerci 22 May 2022 more from that month

Bitcoin Cash (BCH) Trades at Support Level! Let's examine the current support and resistance levels for BCH, which has dropped to its weekly support. When we examine the weekly chart for BCH, we see that it is in an important support zone, which coincides with the 198.8 – 129.3 range. But it hasn't received any response from here yet. Therefore, there is a possibility that the price may consolidate in this zone or break the support zone and withdraw to the $40 support, which corresponds to the -0.272 Fibonacci level. If this region is not lost until the weekly close and if we can see additional bullish reactions, a price jump above 198.8 will be positive for long-term investors. In this case, the 369.5 – 398 resistance line may be the first zone the price will target. However, this zone can act as a strong resistance for the price. However, if the support area is lost, we may see a pullback towards the $40 support, which coincides with the -0.272 Fibonacci level. #bch #bitcoincash