π Paradisers, the recent market dynamics surrounding #BCH have indeed been noteworthy. With a bounce from the demand area, there's momentum for BCH to continue its upward movement.
π A valid bounce from this area could signal a return to upward momentum, potentially leading to a back test of our target strong resistance area.
π However, if BCH fails to bounce from the demand area and instead breaks below it, this could signify a negative momentum shift, leading to continued downward movement towards the support area.
π BCH must bounce from the support area and reclaim price above the demand if it intends to sustain its upward movement. Failure to do so, with a breakdown below the support, could lead to further downward movement.
MyCryptoParadise
iFeel the successπ΄
π A valid bounce from this area could signal a return to upward momentum, potentially leading to a back test of our target strong resistance area.
π However, if BCH fails to bounce from the demand area and instead breaks below it, this could signify a negative momentum shift, leading to continued downward movement towards the support area.
π BCH must bounce from the support area and reclaim price above the demand if it intends to sustain its upward movement. Failure to do so, with a breakdown below the support, could lead to further downward movement.
MyCryptoParadise
iFeel the successπ΄
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