". There is a possibility of temporary retracement to the suggested support line (596.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BCHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Keep an eye on BCH if daily closes above 610$. Then I cant see any resistance till 733$, that would be easy 20% capital growth, with SL at 548.
BCH has no much movement in volume as well even after down trend breakout.
As we can see on the 4 hour timeframe, the price is approaching the resistance line at $ 822. If the price breaks the resistance level and consolidates behind it, there is a chance of growth to $ 1155. If the price bounces off the resistance level, it could drop to $ 500.
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Good luck and big profits.