Technical Analysis of Intraday Price Movement of BCH/USD Cryptocurrency Pairs, Friday November 03, 2023.
November 3, 2023 6:23 am
On the four hour chart, BCH/USD Cryptocurrency pairs seems there is a deviation between its price movement with Awesome Oscillator indicator which which coincidentally also touches the level of the Bullish Fair Value Gap area and the Lower Bollinger Band so that in the near future BCH/USD has the potential to appreciate in an upward rally to the level of the 250.92-253.64 area as the main target and if the momentum and volatility are supportive then it is not impossible to reach the level of 269.51 will be the next target unless on its way to these levels suddenly there is a downward correction movement which penetrates below the 226.23 level then the strengthening scenario previously described will automatically cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
On the four hour chart, BCH/USD Cryptocurrency pairs seems there is a deviation between its price movement with Awesome Oscillator indicator which which coincidentally also touches the level of the Bullish Fair Value Gap area and the Lower Bollinger Band so that in the near future BCH/USD has the potential to appreciate in an upward rally to the level of the 250.92-253.64 area as the main target and if the momentum and volatility are supportive then it is not impossible to reach the level of 269.51 will be the next target unless on its way to these levels suddenly there is a downward correction movement which penetrates below the 226.23 level then the strengthening scenario previously described will automatically cancel itself.
(Disclaimer)
The material has been provided by InstaForex Company – www.instaforex.com
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