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Bitcoin Cash: Ascending Channel

BCH/USD, 1 hour    SHORT Apr 2
We can see that the price shapes an ascending channel, the price lacks a next strong move as proof of a breakdown. An ascending channel is believed to be a technical indicator that is used to signal prices are likely to keep falling downward in case if price breaks below support. BCH/USD risks further downside to the 123 level on impulse below 123.6.
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