$BCH Current status: The current price is 258.9, below MA7 (272.8) and MA25 (303.7), indicating weakening short-term momentum. However, it remains above the long-term moving averages (around 240–250), and the medium-term pattern of “higher lows” since the June low of 181 remains intact.
Key levels:
Support: 240–250 (confluence of the long-term moving averages and the upper edge of the breakout range; the key dividing line) → 220–232 → 181
Resistance: 282–310 (former trading range and a dense MA25 resistance zone) → 349–360 (October high)
Scenario probabilities:
Consolidation in the 230–280 range after a pullback to 240–250 — 40%
A break below 240, deepening the pullback to 220–232 — 30%
Stabilization and rebound, reclaiming 300–310 — 25%
A decisive breakdown, falling below 181 — 5%
Signals are bearish, but no breakdown has occurred: Signs of high-volume distribution appeared at the early-October peak, along with slight price-volume divergence; these are the main reasons to expect a deeper pullback. Declining volume over the past two weeks is the only positive signal.
Key levels:
Support: 240–250 (confluence of the long-term moving averages and the upper edge of the breakout range; the key dividing line) → 220–232 → 181
Resistance: 282–310 (former trading range and a dense MA25 resistance zone) → 349–360 (October high)
Scenario probabilities:
Consolidation in the 230–280 range after a pullback to 240–250 — 40%
A break below 240, deepening the pullback to 220–232 — 30%
Stabilization and rebound, reclaiming 300–310 — 25%
A decisive breakdown, falling below 181 — 5%
Signals are bearish, but no breakdown has occurred: Signs of high-volume distribution appeared at the early-October peak, along with slight price-volume divergence; these are the main reasons to expect a deeper pullback. Declining volume over the past two weeks is the only positive signal.