At the moment, price is still retesting the current midvwap, but as soon as price break below 215$, sells towards 150$ come in play. On the other hand, price can still retest the current high at around 260$, but only if price manages to break above 290$ we shall start looking for buys continuation. Until then sells are more valid than buys, simply because...
BCH has already presented itself pretty well for the last couple of months. A closure below 215$ will most likely make price drop towards 150$ before even thinking of going back up again. A break above 245$ can push price towards 285$-295$, but only a full break above of that area can confirm a new bullish impulse towards 400$.
As long as price respects 220$, BCH should be able to retest 280$ easily, but only after price breaks above this level, we shall see price head towards 360$ and 450$ later on. On the other hand, if price breaks below 220-200$, there is a high probability that price will retest 150$ before any other major move.
Because price finally managed to close above 200$, BCH can no easily retest 230$. Only after price manages to liquidate that intermediary high and then mitigate the remaining orders above it, we will get the confirmation needed for price to continue to go towards 33$ and then 450-500$. Make sure to watch the video in depth, as I explain important cyclical...
If price closes above 200$ on the current 3 day candle, we can see a continuation towards 22$, but I tend to see only a small bullish continuation to 220 and then a strong bearish push towards 150. Only if price breaks above 230$ on the weekly timeframe, we can see strong bullish continuations towards 320 and 450$. A break below 190 from here already could make...
Price is already at an important level for BCH. A failed mitigation of the remaining sell orders from here will confirm a good buying opportunity towards 300$ 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...
A break above the latest area of supply from 220-250$ would confirm a potential move towards 300$. On the other hand, if price contines to respect 220$ and close below it, BCH can continue to drop towards 180$ and even lower.
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A break below 230$ with a proper closure at that level can make price melt towards 200-180$. On the other hand, if price manages to retest the latest supply at 240$-260$ and confirm that sell orders are no longer the dominant part, we can easily see buys towards 320$ once price breaks and closes above 260$.
A break below 230$ can easily push price towards 200-180$. From there, price has higher chances of moving upwards towards 340$ and even higher. On the other hand, a break above 290$ already can prush price above 300$, but only a closure above that level can confirm a bullish continuation towards 340$.
At the moment, price is currently retesting an important imbalance at 240$. A closure below this level on the 3 day chart can predict a potential pullback towards 150$. But in order for the pullback to be valid, price must respect the current high that will form from here. On the other hand, a break above 240$ from here will push price towards 260$ easily.
This is the continuation of my previous view for BCH. I still believe that price can easily retest 150$, but only after price breaks above this level, we should be able to see 200$/BCH.
This is the update for my previous view on BCH. Price managed to respect 150$ mark and also managed to liquidate its previous major low at 100$. But, because price couldn't close below 100, I believe now that as soon as BCH confirms that 93$ is now our next protected low, we can target buys towards 150 once again and now even towards 200$.
This is the update for BCH. I strongly believe that BCH should liquidate lows from 108, BUT respect 105$. Once price does that, BCH should be ready to target 125$. Once price breaks above 125, it can finally target 150. But only if price breaks above 150$, we can finally say that BCH is bullish.
This is an important update for BCH. Price is still consolidating at the moment, but chances for BCH to break above 125$ are already increasing. It is important that BCH liquidates firstly those current lows below 100$, before even thinking of going back up, for a healthy new bullish leg.
![BCHUSD: BCH update [ MAJOR LIQUIDATION]](https://s3.tradingview.com/1/10AlLMtZ_mid.png "BCH update [ MAJOR LIQUIDATION]")
![BCHUSD: BCH [MAJOR-UPDATE]](https://s3.tradingview.com/e/e7B4GSYA_mid.png "BCH [MAJOR-UPDATE]")
