I can't believe people are actually shorting $BCH right here.
BCH is putting in a really interesting recovery candle after that brutal drop to 423. We are sitting at 469.8 right now and it looks like the bulls are finally trying to step up. The price action just cleared that minor hurdle around 454 and now we are staring down the next resistance zone near 494. If we can get a solid daily close above 475 it might trigger some serious FOMO back toward the 500 level. Volume is starting to show some life but it's not a massive breakout yet. It feels like we are just consolidating after the initial bounce. I’m watching to see if we hold 450 as support on any pullbacks. If that holds we could be looking at a decent trend reversal for the week.
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I can't believe people are actually shorting $BCH right here.
BCH is putting in a really interesting recovery candle after that brutal drop to 423. We are sitting at 469.8 right now and it looks like the bulls are finally trying to step up.
The price action just cleared that minor hurdle around 454 and now we are staring down the next resistance zone near 494. If we can get a solid daily close above 475 it might trigger some serious FOMO back toward the 500 level.
Volume is starting to show some life but it's not a massive breakout yet. It feels like we are just consolidating after the initial bounce.
I’m watching to see if we hold 450 as support on any pullbacks. If that holds we could be looking at a decent trend reversal for the week.
#GoldAndSilverSurge