$BCH breaks below the 7-day low: current price 256.9, previous low 258.13.
After the breakdown, watch two things:
· Whether the previous low of 258.13 turns from support into resistance (and price fails to reclaim it on a rebound)
· Whether trading volume increases on the breakdown; a low-volume break may be a false breakdown
How do you think it will move from here?
After the breakdown, watch two things:
· Whether the previous low of 258.13 turns from support into resistance (and price fails to reclaim it on a rebound)
· Whether trading volume increases on the breakdown; a low-volume break may be a false breakdown
How do you think it will move from here?
