Bitcoin Cash (BCH) - October 9
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We need to see if we can move above the 234.247651895 point, which is the midpoint of the uptrend that started on March 13th.
So, we have to see if we can climb above the 236.32 point.
If it rises above 236.32 points, I think the BTC price itself is likely to rise as well.
If you touch the base line and fall, you should get support at 236.32.
If it falls below the downtrend line (3), it is a short-term Stop Loss.
In order to turn to an uptrend, I think we need to deviate from the downtrend line (2).
Therefore, it must be supported above point 264.48269150.
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** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.
Dear traders, nice to meet you.
"Like" is a huge force for me.
By "following" you can always get new information quickly.
Thank you for always supporting me.
-------------------------------------------------- -----
We need to see if we can move above the 234.247651895 point, which is the midpoint of the uptrend that started on March 13th.
So, we have to see if we can climb above the 236.32 point.
If it rises above 236.32 points, I think the BTC price itself is likely to rise as well.
If you touch the base line and fall, you should get support at 236.32.
If it falls below the downtrend line (3), it is a short-term Stop Loss.
In order to turn to an uptrend, I think we need to deviate from the downtrend line (2).
Therefore, it must be supported above point 264.48269150.
-------------------------------------------------- -------------------------------------------
** Check support, resistance, and abbreviation points.
** Support or resistance is based on the closing price of the 1D chart.
** All explanations are for reference only and do not guarantee profit or loss on investment.
Explanation of abbreviations displayed on the chart
R: A point or section of resistance that requires a response to preserve profits
S-L: Stop-Loss point or section
S: A point or segment that can be bought for generating profit as a support point or segment
(Short-term Stop Loss can be said to be a point where profits and losses can be preserved or additionally entered through installment trading. You must trade from a short-term investment perspective.
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