BCH/USD. Estimated level of price drop.

in cryptocurrency •  6 years ago 

Hello, gentlemen..

On the exchange chart BCH/BTC, a pattern known to us was formed - "an upward expanding wedge"

"Exmo" exchange, 1 day.

The figure shows the main support and resistance lines (1, 2)
Yellow lines form the upper and lower bounds of the "pattern". We know from experience that this pattern foreshadows a price drop. The probability of such an outcome is 90%.

The red lines show the price corridor, which can be reached by the token price when it falls. This is the level of 0.037 BTC - 0.04 BTC.

This option is considered in the light of the alleged short lateral movement of bitcoin against the dollar.

Good luck!
The @upvoteinvest team
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