BCH is quickly approaching a key support level at $450. Once there, one can consider a long entry because price is likely to bounce and reverse the downtrend from there.
I don't like the weekly indicators, but on daily and shorter timeframes we have enough space to reverse once we touch support.
If we get a bullish divergence on daily RSI, then BCH will look quite tempting for buyers.
Best to wait for price to fall a bit more before any entry, you have your target, set an alarm for $450 if you are interested in BCH.
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I don't like the weekly indicators, but on daily and shorter timeframes we have enough space to reverse once we touch support.
If we get a bullish divergence on daily RSI, then BCH will look quite tempting for buyers.
Best to wait for price to fall a bit more before any entry, you have your target, set an alarm for $450 if you are interested in BCH.
Like and follow if you liked this idea!
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