BCH below upper line of channel
Bitcoin Cash / TetherUS PERPETUAL CONTRACTBinance
Description
⋅ #BCH/USDT
BCH is below upper line of parallel channel, that is the same with long term descending resistance.
🐮 break out from this resistance can increase price to 0.382 fib level of swing down around $440.
🐻 rejection from upper line will drop price to middle line at support zone around $270, next support zone is between $220 and $197.