Blitz_analysis

One day analysis of BCHUSDT

BINANCE:BCHUSDT   Bitcoin Cash / TetherUS
The next support zone is 290-295 with a lot of frequency. The market has used this zone as support and resistance multiple times in the past. This area is extremely likely to move the market. In this case, I would consider this level as a potential entry point in a lower timeframe. If the market didn't head down, instead, it reassembles the buying power, therefore, the target again is to stand above the resistance zone, I would like to see another rally up to 323.

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.