Mid-Term BCH Analysis
__The price has broken a bearish trendline, signaling a weakening of sell pressure and a potential structure change.
__This rally was bolstered by breaking through a key resistance zone, now flipped to support, confirming a bullish bias📈.
__The impulsive move left behind a FVG (Fair Value Gap), indicating a price imbalance that may get filled.
__The price is currently trading above the 50-day moving average (MA 50), which supports the short-term bullish trend📈.
__A retest remains likely, with the price potentially returning to the FVG, an area that coincides with both the new support and the optimal Fibonacci retracement zone (golden zone).#BCHtoTheMoon $BCH
__The price has broken a bearish trendline, signaling a weakening of sell pressure and a potential structure change.
__This rally was bolstered by breaking through a key resistance zone, now flipped to support, confirming a bullish bias📈.
__The impulsive move left behind a FVG (Fair Value Gap), indicating a price imbalance that may get filled.
__The price is currently trading above the 50-day moving average (MA 50), which supports the short-term bullish trend📈.
__A retest remains likely, with the price potentially returning to the FVG, an area that coincides with both the new support and the optimal Fibonacci retracement zone (golden zone).#BCHtoTheMoon $BCH