BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#66

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

Looking back at the previous analysis made before the dip, we currently seem to be retesting on a major key level which where formed by many candlesticks with the last one formed on December 4th.

Since we experienced the dip, we've been finding it hard to cross the $400 mark as that's where the resistance zone is formed.

A good breakout from the resistance zone could be a sign for a possible continuous bullish movement for some time.

BCH 4h Timeframe

On the 4h Timeframe, we could see the retest at $384 which made us go bearish and finally landing at a support zone at $295.

Upon reaching the support zone, we immediately got an increase vin price which brought us to where we are now which is still a resistance zone and could anticipate a bearish movement unless there's a successful breakout.

BCH 1h Timeframe

The use of the 1h timeframe brings more hope of a bullish movement as we made it across a trend line formed after multiple retest on a resistance zone.

The structure is more of like a symmetrical triangle and the break out is at a bullish path. Hopefully the resistance zone doesn't have much effect on us and we go even more bullish.✓

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Previous Articles:

BTC Analysis; Crypto Analysis; Crypto To The Moon Series.#65

BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#64

Until Next Time, Peace.