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Could a large bearish move on BCHBTC be a sign of things to come?

BCHBTC has experienced an exceptionally large movement lower by 16.31% from 0.032 to 0.027 in the last 9 days.

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After testing the resistance line numerous times, FRA40 is once again approaching this line. Can we expect a bullish trend to follow?

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Support line breached by SPX500. This price has been tested at least twice before.

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