BCH one of the cleanest wyckoff accumulations I have seen
BCH is making a beautifull wyckoff accumulation graph.
Technicals
It has just broken the 200 EMA on the daily and I am expecting a pulback to that EMA or some consolidation in this area followed by a break of the consolidaition area
The horizontal resistance here has been tested 5 times already, horizontal support gets weaker every time it has been tested and I believe we will break here
All stops on the bottom got ran by the spring so we are ready for upside
the USD pair just broke its channel (will post below in update)
Fundamentals
The Bitcoin cash halving is in 92 days and could bring some fundamental hype to the table to create some upside
www.coingecko.com/nl.../explain/bch_halving
Technicals
It has just broken the 200 EMA on the daily and I am expecting a pulback to that EMA or some consolidation in this area followed by a break of the consolidaition area
The horizontal resistance here has been tested 5 times already, horizontal support gets weaker every time it has been tested and I believe we will break here
All stops on the bottom got ran by the spring so we are ready for upside
the USD pair just broke its channel (will post below in update)
Fundamentals
The Bitcoin cash halving is in 92 days and could bring some fundamental hype to the table to create some upside
www.coingecko.com/nl.../explain/bch_halving
Comment:
USDT graph broke out of the channel since bouncing perfectly from the 0.786 fib. I am expecting a run towards the 0.382 fib
My ideas are not meant for trading advice, always do your own research. Always be prepared for bull and bear scenarios
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ
If my ideas were helpfull, feel free to donate here: 1Kufwyg8tq8s76SUfCPvCZUVgLxSha8UZZ