Let's get right to what's going on, in bullet format!
1. BCH has hit this double bottom area and bounced off of it.
2. MACD has crossed up on the daily
3. RSI broken out of this downward trendline.
4. It hit the previous resistance point/ema and moved off of it and is consolidating
It appears we are going to get a move up, but how far we go is the question? BTC appears to be heading towards it's massive trendline. IF BCH does the same, we could get a MAJOR move up, or it just goes up to this 900-1k area before reverting back down. We'll have to see how this move up goes!
Happy Trading!
-Sherem
1. BCH has hit this double bottom area and bounced off of it.
2. MACD has crossed up on the daily
3. RSI broken out of this downward trendline.
4. It hit the previous resistance point/ema and moved off of it and is consolidating
It appears we are going to get a move up, but how far we go is the question? BTC appears to be heading towards it's massive trendline. IF BCH does the same, we could get a MAJOR move up, or it just goes up to this 900-1k area before reverting back down. We'll have to see how this move up goes!
Happy Trading!
-Sherem
Nota
This was by request, have something you want me to look at? let me know!Dagangan aktif
Well shoot, I wasn't planning on trading BCH, but this move looks good. I hopped in at 740.Nota
Looking good here as well - Nota
Need to get over 800 for a more serious move.Nota
For any continuation to happen this 715-720 area needs to hold, watch it closely. also keep an eye on what btc does here.Nota
Nothing good coming from this move, my stop was hit. If we break 650, look out below.
Penafian
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.
Penafian
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.