Again here with BCHUSD 2.36% now and realizing my short term trend lines were not accurately capturing the bigger picture. So we see here trending the vector of the 50 MA that also there is a potential for a move lower in the short term. I have indicated two potential pathways forward. You will also notice that on this time frame the whole structure is being supported nicely on the 200 MA and this has been tested in the red circles.
Komen
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You can also see that the price point structure is making a very similar move to the Nov 15th area although in this case it does have the support now of the 20 MA so that could change the pattern more to the upside and is why I have indicated a sooner mover higher (smaller green arrow)
Thanks a lot for the detailed explanation. Still need to get my head around the MAs
graham.edwards84
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@imkeshav, check out investopedia? That might be helpful.
muiola
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Nice work u doing graham, these guys are just haters........ More Power to your Elbow
stephen007
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Hey fortune teller, what is your point ? Down or go up ?
graham.edwards84
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@stephen007, I actually think it is kind of amusing that you would be disrespectful and then expect that I would give you some straight up trading advice... I could really have some fun with that... lol. But since I am a respectful person I'm just going to ignore your remarks and you know if you start behaving better I will forgive you and we can try again to work out these issues between us... lol... no really... I really mean it... lol.
stephen007
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@graham.edwards84, unfortunately you still stingy fortune teller, sorry no reward for guessing, lol
graham.edwards84
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@stephen007, I see you have posted a lot of really interesting charts too... thanks, great job! Nice contribution... excellent work ...
stephen007
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@graham.edwards84, you’r lying, I don’t post a lots, but you guess a lots. Lol do you want to be great fortune teller in future? I think you are liar.