Price is already at an important level for BCH. A failed mitigation of the remaining sell orders from here will confirm a good buying opportunity towards 300$ and even 450$ as a our main target. But, if price reacts from here and drops towards 200$, we will need more confirmation. Only a succesful break above 200$ can confirm the buys, otherwise price can still retest the current low at 170$ and even liquidate it.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.