Where is the strong resistance level for BCH's upward trend? Can SOL's retracement support continue to bring new gains?

CN
1 year ago

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BCH showed a relatively strong upward trend yesterday. The daily chart shows a large bullish candle breaking through the upper rail, also surpassing the previous high price to above 550. Two days ago, an article mentioned a resistance at 557, and the current price is very close to this resistance. The Bollinger Bands are opening upwards, with the candle running above the upper rail. There is a short-term need for adjustment. The moving average is running upwards, and the MACD fast and slow lines are crossing upwards with continuous volume bars. KDJ is extending upwards, paying attention to the resistance near the 100 value, and the VR index is consolidating near the 150 value. Although the trend is strong, it is also necessary to be cautious about going long. The first resistance to watch is still at 557. If 557 is successfully broken and stabilized, then the second resistance to watch is at 606. The first support below is at 527, and the second support is at 505. Short-term operations can refer to this range for entry, and manage positions and risk control on your own.

SOL encountered resistance at 196 on the daily chart and retraced, currently testing the support of the short-term moving average. Pay attention to the middle rail area where the Bollinger Bands are narrowing and moving flat. The MACD fast and slow lines are crossing downwards at a high level with a second volume bar running, and the KDJ three lines are forming a cross above the 50 value. The VR index is consolidating near the 180 value. On the four-hour chart, the Bollinger Bands are slightly opening, and the market is testing the support of the lower rail. The short-term moving average is turning downwards to form resistance. The MACD fast and slow lines are crossing downwards with a decrease in volume bars, and the KDJ is turning upwards with signs of a cross forming. The VR index is consolidating near the 120 value. Currently, the market is retracing the uptrend line. In the short term, focus on the support near 180, with the second support at 173. The upper resistance continues to focus on the previous high of 195, and the second resistance is at 210. In the short term, you can consider this range for high selling and low buying.

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Article publication is subject to review delays, and market conditions change rapidly. The above suggestions are for reference only, and risks are self-assumed! The market changes constantly every day, and all I can do is to provide some weak assistance based on my years of practical experience, guiding everyone's investment decisions and management in the right direction. Meeting is fate. I am a person who believes in fate. If you have any doubts or questions in the coin circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.

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