BCH/USDT 1D Chart

159
🧭 Market Structure (HTF – Daily)
📉 Trend

Long-term: uptrend (orange trend line)

Medium-term: correction in an uptrend

Currently, the price has broken the local HH → HL structure and returned to important levels.

This is NOT a downtrend reversal yet, but a warning.

🧱 Key Levels (you've got this one figured out)
🟢 Resistance

564 USDT – mega-important (local S/R + trend intersection)

604 USDT

653 USDT – main HTF resistance

No D1 close above 564 → no confirmation of bullish strength.

🔴 Supports

506 USDT – currently being tested (local S/R)

460 USDT – very strong support (reactions + structure)

409 USDT – last line of defense, things get ugly below

📐 Trendlines

The blue bearish (HTF) has been rejected

The price has fallen below the crossover:

uptrend

MA (red)

👉 This is a classic corrective signal, not a panic signal.

📊 RSI & Stoch RSI
RSI (lower panel)

RSI ~ 40

Not oversold yet

No bullish divergence on D1

➡️ There is room for a further decline before a strong bounce occurs.

Stoch RSI

Often in extreme zones → nervous market

Currently not giving a clear long signal

🔮 Scenarios (most important)
🟡 Baseline scenario (most likely)

Consolidation / drop to:

460 USDT

There:

demand reaction

potential higher low

Only then an attempt to attack 564 → 604

👉 A healthy correction in the uptrend.

🔴 Negative scenario

Daily close < 460

Then:

quick move to 409

deeper accumulation possible

This would be a signal of medium-term weakness.

🟢 Bullish scenario (less likely NOW)

Quick return above:

506 → 540

Daily close > 564

Targets:

604

653

Without this, every raise is a pullback.

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