EuroMotif

BCH.usd eyes on $725 : Resistance to give dip for Halving Entry?

EuroMotif Mod Updated   
CRYPTO:BCHUSD   Bitcoin Cash
BCH halving run seems to be at hand.
Price is about to hit a key resistance.
Possible end of local wave, to dip soon.

$ 721.50 - 729.41 is the major resistance.
$ 575.73 - 583.29 is the first strong support.
$ 634.43 - 636.10 minor support via dual fibs.

We may blast thru, then look for retest entry.

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Comment:
Dip under way, first support just hit

Zoom in (m15) and a fib in red for the dip
Our existing blue 3.618 fib has been reinforced by new red 5.854.
So this support should be pretty strong, we better bounce a bit here.

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Zoom in more (m1) and add another red fib set for last leg down
We have another reason to bounce here.

This is only first possible support,
but we MUST see a little bounce here,
or we can not count on next support.

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Comment:
Updated h4 view:
Very possible we have a bottom.

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