Bitcoin Cash continues to trend sideways in this range but finds itself right under a massive POC, which currently happens to be resistance. Seeing that we are having tons of trouble getting higher and with the EMAs turning over, we could see price depreciation coming very soon to demand level below unless we get a pop soon.
Keep an eye on this supply zone and any further rejection with volume will confirm its strength.
Thanks guys
Keep an eye on this supply zone and any further rejection with volume will confirm its strength.
Thanks guys
Comment:
We see that price has come straight down right into the demand zone and pushed right back out! We can get a retest of the resistance now above at $467 before continuing lower again!