EuroMotif

BCH.USD near term outlook: Must hold current price and bounce

EuroMotif Mod Updated   
COINBASE:BCHUSD   Bitcoin Cash
BCH is approaching a critical support.
Only some desperate supports below.
Bounce was from Best-Possible-Bottom.

$ 222.xx is immediate support that would Ideally be held.
$ 219.xx already bounced once, it may not do so again.
$ 214.xx is the critical "Must Hold" zone, at all costs.

This is a follow up to my $220 retrace call (click)

Here is a bigger picture with The Defining Fib of this drop.

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Comment:
Punched thru the first resistance, and testing the "need test asap" zone This is a critical moment right now.

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Comment:
Well we got above the "must test" zone, but fell back below, and just got rejected exactly at the top boundary of that zone.
This is not a good sign, because exactly reactions like that tend to continue.
Lets see if bulls can hold the $225.30 line

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