BCH/USD: Preparing for a Breakout

The chart shows the formation of a symmetrical triangle after a sharp price drop. This typically signals a potential breakout in one direction.

Key levels:
• Support level: $321
• Resistance level: $339

Possible Scenarios:
1. Breakout Upwards: If the price consolidates above $339, we could see a rise towards the $370-$390 range.
2. Breakout Downwards: If the price falls below $321, we might see a drop towards the $290-$270 zone.

What to Consider:
• Trading Volume: Watch for an increase in volume during the breakout to confirm the direction.
• Fundamental Factors: Keep an eye on crypto market news that might influence the move.

My Approach:
I will act only on confirmed breakouts to avoid false signals.