BCH making bullish strong candle after breaking the triangle pat

Feb 1, 2021

Bitcoin cash (BCH) gave a positive breakout after breaching its 20-Day Moving Averages of $430. After a sharp correction from the higher level of $630 formed a descending triangle pattern and slipped below the 20-Day Moving Averages (DMA). However, it successfully holds the major moving averages of $100 and 200-DMA. Support on the chart is situated at $375 and $340. Meanwhile, on the higher side, the resistance is placed at $480 and $540. Likewise, the strong hurdle is at $630, which can be acting in upcoming trading sessions. The levels can be expected after clearing the resistances are $750 and $880 positions.


themarketperiodical.com/2021/02/01/bitcoin-cash-analysis-bch-making-bullish-strong-candle-after-breaking-the-triangle-pattern