$BCH

/USDT Technical Analysis

Current Price: $617.6 (+3.69%)

24h High/Low: $640.0 / $579.8

Trading Volume: 194,505.80 BCH (24h)

Technical Indicators:

Moving Average (MA): Neutral to Bullish (indicating price may rise further)

Exponential Moving Average (EMA): Bullish crossover confirmed, indicating upward momentum

Bollinger Bands (BOLL): Price approaching upper band, suggesting potential for a minor pullback

MACD: Positive crossover, signaling bullish momentum

Parabolic SAR: Bullish, as it is below the price action, suggesting upward movement

Trade Signal:

Buy Signal: Strong bullish momentum with confirmation from MACD and EMA indicators.

Entry Point: $617.6 (current price), preferably above $620 for stronger confirmation.

Target Levels:

1. Target 1 (T1): $630.0 (near recent resistance)

2. Target 2 (T2): $640.0 (24h high)

3. Target 3 (T3): $650.0 (next psychological resistance)

Trade Momentum:

Strong Upward Momentum: Indicators show a high likelihood of further price appreciation, with support around $610.

Stop Loss: Consider placing a stop loss at $595 (below recent low), to limit risk.

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