BCH/USD - Resurrection from the dead. PUMP time! 🤣
BCH has been dying since May 2021, but now it is time for resurrection. Easter is coming so the timing seems very good. 😅
After a prolonged downtrend which formed a large falling wedge, BCH has its FIRST real chance to break away.
Price is currently moving quickly to the key resistance at $380 which coincides with the edge of the wedge.
A successful breakout there and retest of this level as support can take BCH to the next key resistance at $465.
The indicators support a bullish bias. MACD, RSI and OBV are all bullish. This latest candle was on strong volume. If BCH can sustain this, then fireworks can happen.
Bias is bullish right now, but don't dismiss a possible rejection at $380, before the real break can take place.
Patience is key, but this chart looks primed for some sustained gains in the future. Can BCH return to the spotlight?
Like and follow if you liked my idea!
After a prolonged downtrend which formed a large falling wedge, BCH has its FIRST real chance to break away.
Price is currently moving quickly to the key resistance at $380 which coincides with the edge of the wedge.
A successful breakout there and retest of this level as support can take BCH to the next key resistance at $465.
The indicators support a bullish bias. MACD, RSI and OBV are all bullish. This latest candle was on strong volume. If BCH can sustain this, then fireworks can happen.
Bias is bullish right now, but don't dismiss a possible rejection at $380, before the real break can take place.
Patience is key, but this chart looks primed for some sustained gains in the future. Can BCH return to the spotlight?
Like and follow if you liked my idea!
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