Singkat
Rising Wedge close to Break Out
Bitcoin is going to sink to lower levels and will pull other coins down with it, inter alia BCH due to the currently positive correlation.
If BCH isn't able to break the upper resistance of the triangle (MACD showing bearish signs) the price will break the supporting trend line of the rising wedge and further drops are imminent.
Setting Target Points for this scenario at:
TP1 : ~1100 USD
TP2: ~ 850 USD
If BCH isn't able to break the upper resistance of the triangle (MACD showing bearish signs) the price will break the supporting trend line of the rising wedge and further drops are imminent.
Setting Target Points for this scenario at:
TP1 : ~1100 USD
TP2: ~ 850 USD
Nota
BCH broke through the upper resistance line. If it can hold itslelf above it, this idea is invalid.Nota
Bearish Scenario is still intact.As you can see in the link BCH hasn't been able hold its price above the resistance line, furthermore the volume of this rise has been rather low, MACD seems to change its momentum into the other direction, and Stoch RSI is clearly bearish. All in all BCH will now test its support and has to be observed closely for a potential break out.
Nota
All indicators are shouting bearish. Get ready for the final leg down into the buy zone (green). This will be an excellent long term opportunity.
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.