#Analytics #BitcoinCash

🔊The price of BCH/USDT coins, being in a bullish trend, found resistance in the range of levels 705 - 720, below which it is trading at the moment. The nearest support is located within the levels 656 - 675.

📈Rising local lows may hint at the activity of buyers and interest in traders to continue the bullish trend.

If the #BCH price breaks and consolidates above the 720 resistance level, we should consider the continuation of the uptrend with the nearest targets in the range of 760 - 780.

📉Below the 656 support, the long scenario will have less chance of success.

the information provided is not a trading recommendation

#Analytics #BCH

📈 A good situation for trading: #BitcoinCash is trading close to the resistance zone of 405-410.

It's safer to trade by placing a pending order (contingent order) to go long at levels 405 - 50%, 407 - 25%, and 410 - 25% of the working volume.
Regarding the SL (stop-loss), it shouldn't be extended; SL - 0.5% from the entry point.

this is not a trading recommendation

📸 Snapshots are often used before hard forks to determine the amount of new tokens that users will receive, as was the case with #Bitcoin and #BitcoinCash.

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#Glossary