BCH breaks through the rising channel

You can be seen that BCH challenge the pressure zone neckline(270) fail,
And formed a head and shoulders top and broke the ascending channel support continued to fall.

At present, it is falling in the range of 231 and there is a support reaction,
Therefore, if it is a short order, you can set a mobile stop profit or an absolute stop profit,
Ema also seems to be in a short position, so try to avoid contrarian in operation,
Under the current correction situation, you should wait for the new mode to appear before operating.

The support pressure can refer to the Fibonacci sequence on the right and the red and blue boxes.

#Cryptocurrency market risk is high, please carefully assess operational risks
This analysis is a personal comment and does not have any investment advice, please refer to it carefully.