Bitcoin Cash update
A lot of selling volume above 0.16 level. Still, price holds not reaching 0.15 level; I consider this a bullish sign.
It looks that overbought market needs a correction. BCCUSD also struggles to hold above psychologically important 1500.0 level, but price pattern stays bullish, and volumes during the uptrend were significantly big, which confirms the strong uptrend.
A breakthrough above 1500.0 by BCCUSD along with BCCBTC breakthrough above the 0.165 level would be an uptrend continuation sign, break above 0.17 will lead the price further upwards.
A dive below the 0.15 and further below the Bullish Trend Line would mean a deeper correction and dismiss current bullish state.
It looks that overbought market needs a correction. BCCUSD also struggles to hold above psychologically important 1500.0 level, but price pattern stays bullish, and volumes during the uptrend were significantly big, which confirms the strong uptrend.
A breakthrough above 1500.0 by BCCUSD along with BCCBTC breakthrough above the 0.165 level would be an uptrend continuation sign, break above 0.17 will lead the price further upwards.
A dive below the 0.15 and further below the Bullish Trend Line would mean a deeper correction and dismiss current bullish state.
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.