Panjang

bitcoin cash approach to a parabolic support line

609
After this mega bull run on BCH, it just faced a parabolic support line for five time, four of them had a great support effect and price bounced up . what do you think about this fifth approach?

we can see DMI indicator is in falling volatility state and at the same time RSI is goes down which means a healthy consolidation. so i can see a better chance for a long position at 0.185 with a target at 0.264

in case of parabolic support breaking down, bellow support lines will be our sell targets.

have a healthy trade ;)

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