BCHUSDT Market Analysis

11 Feb 2022

From the 4 hours chart we do found a valid double top, also there's a divergence after getting a red candle. Looking on the RSI, our first top was in the overbought scenario and our divergence does exists, with that being the case, as you can see market crashed after getting that double top at a major level of resistance. Also we need to find next potential level that could be a buy points where we can use the contrast of double top which is double bottom pattern. Now we are expecting the price heading back to 270 while with some small swings in the middle when forming that.