FenzoFx—Bitcoin Cash closed bearish after testing the $568.7 resistance. BCH is now trading near $555.0, inside the bearish fair value gap. The market outlook remains bearish as price closed below the bullish channel, with $568.0 acting as key resistance.
If this level holds, BCH/USD may dip toward $515.0. A close and stabilization above $568.0 would invalidate the bearish setup and suggest a bullish move toward $615.0.
If this level holds, BCH/USD may dip toward $515.0. A close and stabilization above $568.0 would invalidate the bearish setup and suggest a bullish move toward $615.0.
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Knowledge Should Be Free – And So Is Your Path to Trading Success.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.