💎 BCH has certainly left its mark on the market. The current movement of BCH is characterized by an ascending channel pattern, often referred to as a Bullish channel. Presently, BCH faces a notable challenge in breaking through the local resistance zone at $251.
💎 It's evident that BCH encounters consistent rejection when approaching this local resistance level....
Bitcoin Cash was in an uptrend until recently when we broke the ascending trendline. We have now retested the back of that trendline and in an ascending correction.
We're watching for that to break to take BCH down to atleast the $540-$560 level.
Shorts will be invalidated if we push above the $710 level.
