BCH

Trade setup: Following a breakout from a Sideways Channel ($215 - $260), price resumed its Uptrend and spiked up as high as $400 (+33%), breaking through several other key levels ($300, $350). However, price is now very overbought (RSI ~ 85!) just as it reached that $400 resistance. Hence, near-term, we’re likely to see it pause here on some profit taking. We would patiently wait for a pullback opportunity for a swing trade entry in Uptrend. (set a price alert)

Trend: Uptrend across all time horizons (Short- Medium- and Long-Term).

Momentum is Bullish but extremely overbought. ( MACD Line is above MACD Signal Line). RSI is bullish (> 55) but extremely overbought (> 80) which could imply that price could briefly pause or pull back if it reaches Resistance.

Support and Resistance: Nearest Support Zone is $300 (previous resistance), then $260. The nearest Resistance Zone is $400, then $475.