EMA
BCH, in the 4H, is now trading below short EMAs (red, orange, yellow) and hovering at EMA 55 (green). A breakdown here, (where we see full candles trading below EMA 55) indicates a deeper retrace. We want this!
STOCHASTIC
Stochastic (white curve) currently at ~33. The last time BCH found support AND fell below EMA 55 AND bounced off the Bollinger Band was @ $270 - the Stochastic bounced off 8.5. If BCH finds support @ $338.92, Stochastic could likely be at 8.5 (or lower). We want this!
MacD & Histo
For a deep consolidation, the MacD must fall below neutral line (just as it did @ $270). The histo says we got room! -A new curve of red is just beginning to form.
BCH NEEDS A BIG RETRACE! We want this!
The more it falls, the greater the bounce. And, if it's going to $900+ zone, it needs to go deep.
Let's see how this plays!
BCH, in the 4H, is now trading below short EMAs (red, orange, yellow) and hovering at EMA 55 (green). A breakdown here, (where we see full candles trading below EMA 55) indicates a deeper retrace. We want this!
STOCHASTIC
Stochastic (white curve) currently at ~33. The last time BCH found support AND fell below EMA 55 AND bounced off the Bollinger Band was @ $270 - the Stochastic bounced off 8.5. If BCH finds support @ $338.92, Stochastic could likely be at 8.5 (or lower). We want this!
MacD & Histo
For a deep consolidation, the MacD must fall below neutral line (just as it did @ $270). The histo says we got room! -A new curve of red is just beginning to form.
BCH NEEDS A BIG RETRACE! We want this!
The more it falls, the greater the bounce. And, if it's going to $900+ zone, it needs to go deep.
Let's see how this plays!
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.