On the 4 hour chart, the BCH/USD pair is now moving in a downslope Pitchfork Channel and bellow the Moving Average. We can see that BTC has already failed a few times to touch the middle line of the Pitchfork Channel as its target. Moreover, we can see the Divergence between the price and the Stochastic Oscillator. The BCH/USD pair may rise to 278.19 as its first target and 294.37 as its secondary target. This scenario is likely to occur if the pair does not drop and close bellow 257.74.
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