BCH has formed a bullish pennant and might go for another retest of previous highs around 0.2-0.22
We currently had a sell off to 0.17-0.18 from bearish momentum. However, we have a bullish harami that just formed on the 30 minute- hourly charts this indicates a potential reversal back into the Pennant or a test of previous highs
Either way BCH is alternatively a profitable swing trade however, I am patiently waiting for the termination of this bearish continuation for both BCH and potentially BTC before trading as you never want to trade in a downtrend.
BITFINEX:BCHUSD
We currently had a sell off to 0.17-0.18 from bearish momentum. However, we have a bullish harami that just formed on the 30 minute- hourly charts this indicates a potential reversal back into the Pennant or a test of previous highs
Either way BCH is alternatively a profitable swing trade however, I am patiently waiting for the termination of this bearish continuation for both BCH and potentially BTC before trading as you never want to trade in a downtrend.
BITFINEX:BCHUSD
Trade active:
Bullish Harami confirmed, strong potential for pennant to breakout. However there is a lot of resistance above 0.195+, waiting for a retest and confirmation
Comment:
Bears are still fighting/bearish against BCC however 0.2 is a risky price to buy at. I'm expecting something else for BCC
Trade active:
Bulls taking over BCC right now as indicated by huge volume candlestick