Sharp Fall: BCH price crumbles an inverted head and shoulders pattern.
Below 50-day EMA: BCH price is now below the 50-day EMA and nearing the 200-day EMA.
13% Drop: The coin has seen a 13% drop in the last ten days.
Uptober Spirit: Fails to break above the $250 mark, questioning the spirit of Uptober.
Resistance Zone: $250 acts as a strong resistance, causing a reversal.
Fibonacci Level: Breaks the 38.20% Fibonacci level, signaling further correction.
Morning Star: Attempting to form a morning star pattern.
RSI Indicator: RSI line reverses from overbought to under the halfway line.
Death Cross: A potential death cross if prices slip under $180.
Crucial Support: 200-day EMA acts as a crucial support zone.
No Divergences: RSI fails to showcase any divergences for a reversal.
Price Prediction: Possibility of reaching $300 in 2023 is now in question.
Below 50-day EMA: BCH price is now below the 50-day EMA and nearing the 200-day EMA.
13% Drop: The coin has seen a 13% drop in the last ten days.
Uptober Spirit: Fails to break above the $250 mark, questioning the spirit of Uptober.
Resistance Zone: $250 acts as a strong resistance, causing a reversal.
Fibonacci Level: Breaks the 38.20% Fibonacci level, signaling further correction.
Morning Star: Attempting to form a morning star pattern.
RSI Indicator: RSI line reverses from overbought to under the halfway line.
Death Cross: A potential death cross if prices slip under $180.
Crucial Support: 200-day EMA acts as a crucial support zone.
No Divergences: RSI fails to showcase any divergences for a reversal.
Price Prediction: Possibility of reaching $300 in 2023 is now in question.