BCH is still in bull trend

Hi everyone

Bitcoin cash price just closed above the descending channel in both daily and 4H time frames.
so with considering all the market tend to new bull trend we can expect it will work well for
BCH too.
I drew some important support and resistance levels and areas on the chart.
we may test 840 level one more time before the price jump upward.
below 840 possibly can lead us to other support levels if a sudden drop happens for
all the market.
so as far as the price stays above 840$ I'm bullish.

Enjoy the market

Zlecenie aktywne:

just hit the first target but couldn't break above it, so make sense we have correction for awhile before another rush up.

Zlecenie aktywne:

Congrats. just hit all targets but could keep moving upward. you can set your trailing stop at your proper level

Zlecenie aktywne:

keeps moving upward. next target area on the chart.

Komentarz:

with sudden drop last night, all the market went red to garb some liquidation but I believe it doesn't take long.

Komentarz:

as expected when the price closed below my dynamic resistance line dropped to the diagonal yellow zone nicely and bounced up. now our 1375 level is a key resistance to beak upward, but if things get ugly and BTC drop to 43K I expect my orange area that price can test this supposed bottom area on my chart.

Komentarz:

exact into my orange area as expected.