BCH Analysis, Crypto To The Moon Series #57.

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.

From the price analysis, we'll definitely admit to the fact that the Price of BCH has faced quite a real bearish state for sometime now as we continue to decrease in price as days pass by

In a brief analysis, we'll get to see if there's a possible reverse or turning point for us to increase in price or go bullish. On the 1 week Timeframe,we can spot the fall in price as we drastically dropped from being recently priced more than $600 to now being priced at about $292.

Though it seems to be as though we retested on a support zone which made us increase in price a little bit, we soon retested the nearby resistance zone which made us continue a gradual fall in price.

As we increased in price from being priced $264 on the low brightly coloured trend line to the increased price at about $350 which is at a resistance zone, we eventually had to go bearish as we are now priced $295 as if making this analysis.

I presume the fact that we could certainly reach for $264 yet again before going bullish or increasing in price.

During these moments, it's expected of us to buy even more as we could either hold for a short or long term and sell off when the price is slowly recovering.

Have a nice day mates!.

Until next time, Peace.