FX.co ★ BCH/USD Price Movement For March 03, 2020

After a breakout and close above 334.33 from the consolidation area (Cyan Rectangle) on the 4-hour chart, BCH/USD is now trying to retrace to the Optimal Trade Entry level (OTE) level at 317.92 before the price goes upwards to reach the Equal High at 401.57 (Buys Side Liquidity Pool). As long this cryptocurrency does not retrace downwards and closes below 298.31, it is likely to follow the upward trajectory, developing the overall bullish trend.

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