BCHUSDT has been printing an ascending channel since March.
Price Is testing the ascending channel support.
We could see a bounce off the channel support ⬆️ or a breakdown below the channel support ⬇️.
Possible price actions indicated on the chart.
BCHUSDT is printing an ascending channel on the Daily timeframe.
Price got rejected off the channel resistance as is currently at the mid channel region.
Breakdown below the ascending trendline support could lead to a retest of the ascending channel support.
Huge Profit Roadmap 🗺
Price is Currently testing a key level at $300 once we see bullish pressure break above this level, then we can start looking for opportunities on the lower timeframes for entries based on the rules of our Strategy.
Disclaimer: I would just like to make clear that I am agnostic to the war that has unraveled between the two coins and that I will strive to remain unbiased in my analysis.
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