BCH Analysis; Crypto Analysis; Crypto To The Moon Series.#69

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 1D Timeframe shows us a retest and respect to the resistance zone above as we're not able to cross over it.

Furthermore, there M.A (moving average) acts as a resistance zone as we go bearish upon a retest.

As of making this analysis, we're currently going bearish and experiencing a decrease in price on BCH.

Even though we're still based on a support zone to make us bullish, the chances are quite low for us to experience a bullish movement as of now.

upon experiencing a bearish movement, the next support zone should be at about $295.

BCH 5min Timeframe

The 5 minutes timeframe also shows a continuous bearish movement as the moving average is above the candlesticks formed further taking the price down.

A good breakout can bring about a change in the current bearish market for good.

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BCH Analysis, Crypto Analysis, Crypto To The Moon Series.#68

BCH Analysis; Crypto Analysis; Crypto To The Moon Series. #67

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Until Next Time, Peace.