CryptoMoe81
Long

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

HITBTC:BCHBTC   Bitcoin Cash / Bitcoin
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.

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Comment: Head and Shoulders pattern is active.

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.

Order cancelled

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