BCH: We might see a rebound from there.🚀
đź’Ž Paradisers, #BCH is currently experiencing panic selling, and I am expecting a potential breakdown of the supportive trendline to gather liquidity for an upward trend.
đź’ŽIf #BCHUSDT breaks below the trendline and exhibits a Change of Character (CHoCH) and Break of Structure (BOS) from the bullish Order Block (OB), which coincides with the Fibonacci 0.618 level, we might see a rebound from this point.
đź’ŽHowever, if the price falls below this level, it would typically be considered bearish. In this scenario, I would recommend not focusing on this move.
đź’ŽIf #BCHUSDT breaks below the trendline and exhibits a Change of Character (CHoCH) and Break of Structure (BOS) from the bullish Order Block (OB), which coincides with the Fibonacci 0.618 level, we might see a rebound from this point.
đź’ŽHowever, if the price falls below this level, it would typically be considered bearish. In this scenario, I would recommend not focusing on this move.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.