BCH breaks through the 700 mark, will the bulls continue? Keep an eye on SOL's historical high this week.

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1 year ago

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BCH The current price is just a step away from 700, and it is definitely the brightest spot in the recent market. Looking at the daily chart, after the uptrend from the bullish candle on March 20, there has been almost no retracement, rising from 347 to nearly 700, with an increase of over $300. The K-line has broken through the upper Bollinger Band and is in an open state, with the moving average moving upwards. The MACD fast and slow lines have crossed upwards and the volume bars continue to increase. The KDJ three lines have turned upwards again after a reversal, and the VR index is consolidating around 200. Looking at the four-hour chart, the big bullish candle in the early morning has broken through the upper Bollinger Band, and the current market continues to test upwards. The Bollinger Band is running in an open state, the MACD fast and slow lines have crossed upwards again with increasing volume bars, the KDJ is maintaining upward extension, and the VR index is consolidating around 180. Currently, the technical outlook still maintains a bullish trend, and in the face of a strong uptrend, be cautious of a potential downturn and washout. Therefore, be cautious about going long, with the first resistance above at 732, the second resistance at 805, and the support at 650. In the short term, you can refer to this range.

SOL Looking at the daily chart, the market has been continuously rising, currently testing the previous high resistance. The Bollinger Band is in a contracted state, and the K-line is supported by the short-term moving average. The MACD fast and slow lines are in a flat state with decreasing volume bars, and the KDJ is extending upwards, paying attention to the resistance near 100. The VR index is consolidating around 80. Looking at the four-hour chart, the K-line maintains a structure of upward trend, with the low point continuously moving upwards in an ascending channel. The Bollinger Band is slightly open, and the moving average is moving upwards. The MACD fast and slow lines are extending upwards with a second increase in volume bars, and there are signs of a downturn in the KDJ. The VR index is consolidating around 150. In the short term, pay attention to the first support at 193, the second support at 182, and the resistance at the previous high around 210. If the breakthrough is completed, then pay attention to the resistance at 235. In the short term, you can refer to this range to enter the market and plan your position reasonably for risk control.

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Article publication is subject to review delays, and market conditions change rapidly. The above suggestions are for reference only and at your own risk! The market changes constantly every day, and all I can do is to provide some weak assistance based on my many years of practical experience, so that everyone's investment decisions and management can be on the right track. Meeting is fate, and 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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