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General cryptocurrency sentiment is lower today, BCH/USD trades 0.29% lower today.
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The trendline on the four hour chart has been respected four times and is now being tested again.
The structure on the four-hour chart looks better than most crypto pairs at the moment.
We are in a sequence of higher highs and higher lows and only the last wave high is lower than the previous.
This is showing us that 310 is a tough nut to crack and bulls cannot push price though.
On the downside, the 300 psychological level could prove to be a good support. Under that 292 and 284 could hold.
On the volume profile side, the price us underneath the value area of 304.09.
If price stays consistantly lower look for a retest at the value area of 304.09 as a mean reversion often occurs.
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