$BCH Bulls Still in Control – Will It Break $385?🔐🔑👇
Current Price: $372.1
Timeframe Analyzed: 1H & 1D
Chart Breakdown:📉
After a bullish CHoCH on the 1H, BCH surged from the demand zone near $344 and is now consolidating under the $385 resistance.
$BCH Price is staying above 200 EMA with strong EMA confluence (20/50/100), confirming bullish structure.
On the 1D chart, the price continues forming higher highs and higher lows after BOS, sustaining above 350 support.
Stochastic RSI is in mid-levels, allowing room for continuation or minor retracement.
Why Bullish🤔🔥
Consolidation under resistance typically indicates strength, not weakness.
Previous strong impulsive move shows demand and buyer interest.
No major rejection wicks from current highs – suggests breakout pressure is building.
Strategy Plan:🧑🏫
Entry Zone: $366–$368 (Pullback entries)✅
Target 1: $385🎯
Target 2: $432 (if breakout confirmed)🎯
Invalidation: Below $350 closes☣️
Duration: Short-term (1–3 Days Swing)⌛
Trade Wisely: Let $BCH price reclaim above the $385 supply for safer breakout trades. Avoid FOMO at the highs.
👨❤️👨 "Patience in consolidation pays with impulsive moves."
Disclaimer: ⚠️
This is not financial advice. Always do your own research before investing.
