Price has also just reached strong resistance in the 92.00 support / resistance region, and additionally, is approaching the
approximate upper resistance border of the rough parallel downtrend channel.
When Bitcoin pulls back up it can lift itself to
the upper resistance level between 10,500 $ and 11000 $.
The upper resistance level is usually calculated by trending the stock's highs, and the lower support is usually calculated by trending the stock's lows.
Range - bound traders will enter a buy order near identified levels of support and a sell order when the asset nears
the upper resistance.
hoping to see both LTC and ETH break out above
their upper resistance levels...
Technically, BCH / USD has formed a bearish pennant pattern observed on the daily time frame, support of the lower trend line currently tracking around $ 625, where
the upper resistance is seen at $ 680.