BCH just broke through the support at ±0,0518 and now going to retest the resistance at 0,0518 - 0,0525. The price is located below the MA 200(4H chart) which is a strong resistance too.
Stoch RSI is very close to the overbought zone, no convergence on RSI. Summarizing all facts, we can conclude that there are almost no reasons for a growth, while the whole market and especially altcoins are falling. At the moment we have a good chance to open a SHORT position on BCH for a good price.
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