BCH in a Congestion/Consolidation Zone

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BCH in a Congestion/Consolidation Zone BCH Perpetual Futures ContractBINANCE:BCHUSD.PMoemonyBCH has been in a well-defined rectangular pattern for over a year. It got rejected from the resistance multiple times. Every time the volume dried up as it approached the ceiling. It has approached the floor as trader that trade this range and look for entries. However, the volume on the downside has been massive and it has halted at the support side. A decisive moment awaits, for the trend to act as a reversal or flip back to the top. A break below the horizontal support with unmistakable surge in volume, increases the risk to reward on the downside. A cross below with an average or low volume shall be considered a fake-out and the target will no longer be valid. The following weeks will predict a direction. Using an ATR at the support area would help from getting stopped if price were to reverse for the upper boundary.