BCH is moving sideways around the $650 zone and heading up to the $800 and $1100 zones. But if in the next few days it loses the $650 zone, it will fall back to the $550 zone

📈RED PLAN
🔴Buy : 635-665$. SL if B 🔴Buy : 780-820$ if A. SL if B
📉BLUE PLAN
🔴Sell : 780-820$. SL if A 🔴Sell : 1070-1130$. SL if A
🟣PURPLE PLAN
🔵Sell : 635-665$ if B. SL if A 🔵Buy : 535-565$. SL if B
❓Details
🕯Timeframe : 1 Day 📈Red Arrow : Main Direction as BUY & SELL section 📉Blue Arrow : Back-Up Direction as BACK-UP section 🟩Green zone : Support zone as BUY section 🟥Red zone : Resistance zone as SELL section 🅰️A : The Close price of candlestick is Above the zone 🅱️B : The Close price of candlestick is Below the zone

  • Bitcoin Cash (BCH) is a peer-to-peer electronic cash system, which aims to enable new economies with low fee micro-transactions, large business transactions, and permissionless spending.
  • Bitcoin Cash originated from an upgrade proposal of Bitcoin, that increased the maximum block size from 1 megabyte to 8 megabytes, which ultimately led to a hard-fork on August 1st, 2017 . Since then, additional changes have been approved, such as a new difficulty adjustment algorithm, the support of new opcodes, Schnorr Signatures, and further extensions in the block size.
  • Bitcoin Cash uses the same SHA-256d-based Proof-of-Work consensus mechanism as Bitcoin. Bitcoin Cash also has a target block time of 10 minutes, and its total supply is capped at 21 million.
  • On November 16th 2018, the Bitcoin Cash blockchain withstood another hard-fork, which resulted in a chain split into Bitcoin Cash SV and Bitcoin Cash ABC. Since then, Bitcoin Cash ABC has commonly used the BCH ticker and referred to as Bitcoin Cash.
  • The Bitcoin Cash network has protocol upgrades twice a year, on November 15th and May 15th. These upgrades are required for all node operators . For instance, on May 15th 2018, Bitcoin Cash upgraded to increase its block size to 32 megabytes.