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kishan889

BCH bearish divergence and failed to close above cloud

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BITTREX:BCCBTC   None
Trend Analysis Chart Patterns BCH BCHUSD BCHBTC bitcoincash
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trendanalysis chartpattern bch bchusd bchbtc bitcoincash
On daily time frame yesterday candle didn't close above the cloud proving a failed rally
We also have a lower volume and a Regular bear divergence suggesting us to short
Komen:
Same with the BCHUSD pair
Bull strength is weakening
Komen:
While looking at the past rallies of BCHUSD pair
we see that bch showed the same behavior, low volume - higher price - momentum decreasing
This is a recipe of a bearish trend
Komen:
Komen:
I forgot to put the chart in the first comment where i talk about BCHUSD pair
Here it is
snapshot
Komen:
Shorted BCH here at 0.174 with a tight stop loss
Let's see what happens
Penafian

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