BCH Key Levels to Watch For a Long Setup - 4H

Aggiornato
BCH just broke out of an established bearish channel but has reversed at a key resistance level, ~$652, which can be identified matching the tops from the previous bearish channel with a Fib retracement. Note the Stoch crossover and reversal as well.

I think we will reverse and break this barrier soon (if the new bullish channel holds, the price shouldn't be able to dip too much below $598). A bullish Kumo twist is developing, which is a good sign for the Long setup. Two key levels to watch: the 652 resistance and then the 730 resistance. If we break 730, we may see bullish action all the way to 861.
Trade attivo
Let's go
BCHBCHUSDchannelbreakChart PatternsTechnical IndicatorskumokumotwistLONGlongsetupTrend Analysis

Declinazione di responsabilità