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.

We'll be using the 1 Hour and 1 Day time-frames respectively. With that being said, let's get into it;

1 Day Timeframe

Using the 1 Day timeframe in our analysis, we can tell that the candlesticks at BCH after a bullish breakout still underwent a bearish movement or a decrease in price for some time as the candlesticks find time to move gently on the support zone.

There might be a bullish or increase in price on BCH anytime soon as these candlesticks keep on moving on the support zone.

what where spotted on BCH Charts After Analysis;

• There are still high possibilities of Going Bullish or increasing in price anytime soon after the break out on the 1 Day Timeframe.

• Since The Candlesticks are still moving on the Support zone which is literally above it and not below it, we're definitely still good to go.

1 Hour Timeframe

Some Key points in the chart analysis

• The first pink line is the first support zone

• The second line coloured green is the second support zone.

• And finally,the last or third support Zone is the thin pink line.

While the 1 Hour Timeframe gives us a more in-depth on what's happening on BCH Price movement by giving us a more closer view and definitely more information. After the candlesticks in BCH had reached the resistance zone and furthermore retested back to the support zone.

But this time, it doesn't bounce off but insteadly,it broke it and continued reaching for the next support zone. But on getting there again, it didn't stop but made a break through yet again.

After some time, it finally settled for sometime on the second support zone before it finally reached for the last support zone. On reaching the last support zone, it then finally bounced off. And that's where we are presently.

Overall: We've undergone some bearish or decrease in price for sometime now but we've likely came to it's end. Buying some more BCH might be a Good Idea.

https://read.cash/@InvestorOmar/update-crypto-to-the-moon-bitcoin-cashbtc-12dfd928

until next time, Peace.