BCH/USD - Deciding on next steps, $500 in range!

BCH did a good run so far despite the sharp pullbacks which can be frustrating.

Now we find ourselves at this local support (dotted line) which I'd expect to hold the price and allow us to go higher towards $500. However if we break below it, then I think this run may take a break and we will need to reload at lower levels before $500 can be reached.

It's important we do not fall lower as that would break the current momentum in price.

I do not like how the indicators look (a bit bearish), but so long we hold at this dotted support line we should be safe.

Like and follow if you liked this idea! Also join my crypto community to stay in touch!