BCH Analysis, Crypto Analysis, Crypto To The Moon Series. #62

DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.

With that being said, let's get into it;

BCH 1D Timeframe.

The analysis we made on Bitcoin cash yesterday is as of now still going as said and planned as we slowly but steadily approach the nearest support zone seeking a bullish movement.

As of writing this article, the price of Bch is at about $357 after going bearish yesterday. But all these will change if there's a successful retest on the support zone.

BCH 2h Timeframe.

As per the 2h timeframe, after a successful retest on the resistance zone, it made it's way down still heading for the support zone.

Our last analysis on the 2h timeframe was based on the use of the Moving Average which was however about to be Crossed yesterday.

But as of now, I'll say it has successfully crossed and also now acting as a resistance zone. Hopefully it turns to a support zone sooner than later.

BCH 1h Timeframe

Whereas on the 1h Timeframe, we're able to successfully spot out a trendline which is acting a resistance zone as it pushes bthe price downwards.

A successful break out and maybe a possible retest, we'll definitely be on a bullish path as we gradually increase in price.

For now, even though we're reducing in price, I'll say it hopefully won't be for so long as long as the support zone is respected.

Have A Nice Day.

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Until next time, Peace.