💶 $BCH is forming a bearish pattern

I paid attention to the daily timeframe of the Bitcoin Cash chart. Surprisingly, the coin is holding up relatively well on the current alt correction.

For a long time, the bears can't take the price below the spring values. The ~$360 acts as a strong support. This is the key level, but above it there are mirror marks of ~$447 and ~$515.

Above the mentioned key support, a "squeeze" pattern structure is forming. This is its bearish variant called "head and shoulders" 🔽

I do not expect this pattern to work fully, but it can drive the price down for some time when the support is broken 📉#IntroToCopytrading #SOFR_Spike #VanEck_SOL_ETFS #BinanceTournament