Get started
AsBobbyDigital

BITCOIN CASH (#BCH): Trend Reversal - Head and Shoulders pattern

Long
Bitcoin Cash / Bitcoin (HITBTC:BCHBTC)  
AsBobbyDigital Updated   
HITBTC:BCHBTC   Bitcoin Cash / Bitcoin
Trend Analysis Chart Patterns Technical Indicators BCHBTC trader telegram
2
0
trendanalysis chartpattern indicator bchbtc trader telegram
BCH bounced off the bottom line of Triangle pattern and is rising now. Now, I can see new pattern - bullish Head and Shoulders with the prospect of going up. Meanwhile BCH is heading EMA21 trend resistance. In case of breaching this resistnace, BCH will go to price level between 0.120 - 0.125BTC.
RSI and Stoch looks pretty good too.

I hope you enjoy my charts, please writte your comments, hit that like button or follow me. Thank you!
Comment:
Head and Shoulders pattern is active.

snapshot
Comment:
BCH has a last chance to reverse and follow Head and Shoulders pattern. If BCH drops below 0.109 Head and Shoulders pattern will be canceled.

Next strong support located at around 0.090BTC.

snapshot
Order cancelled
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.