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BCHUSD appears to be mirroring its 2019 price action closely. π There's potential for further upward movement towards the $297 and $463 levels. These price zones align with the ascending Fibonacci channel and historical support/resistance areas.
The $200 support level holds significant sway, a pivotal point for both bulls and bears. ππ» A breach below $200 could signal a deeper price decline β an essential factor to monitor.
Conversely, a compelling signal emerges on the weekly chart, hinting at a price surge towards $300 and $460. π This optimism stems from hidden bullish divergence and a resemblance to the 2019 price patterns. Keep a keen eye on these developments. π
BCHUSD appears to be mirroring its 2019 price action closely. π There's potential for further upward movement towards the $297 and $463 levels. These price zones align with the ascending Fibonacci channel and historical support/resistance areas.
The $200 support level holds significant sway, a pivotal point for both bulls and bears. ππ» A breach below $200 could signal a deeper price decline β an essential factor to monitor.
Conversely, a compelling signal emerges on the weekly chart, hinting at a price surge towards $300 and $460. π This optimism stems from hidden bullish divergence and a resemblance to the 2019 price patterns. Keep a keen eye on these developments. π
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π Discover insights, share strategies, and connect with fellow traders. Click to join: bit.ly/3rmVr9b πππ