#BCH Technical Analysis in a Daily Timeframe

10 set

Hello everyone, I’m Cryptorphic.
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Now, let’s dive into this chart analysis:

BCH has rebounded from the support we mentioned in our previous video. The price is currently approaching the resistance trendline and the 50 EMA, which ranges between $345 and $363.

BCH needs to break out and close above this resistance level to remain bullish. A rejection will likely push the price down to the lower channel.

Key levels:

- Primary Resistance: $345-$363.
- Primary Support: $292.
- Lower Support/Decent Accumulation: $228.
- Targets: $444, $520, $616, $720.

DYOR, NFA.

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