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PolarHusk
Mar 7, 2020 7:02 AM

BCH/BTC TA Update (Bullish Pattern Confirmed?) Long

Bitcoin Cash / BitcoinBinance

Description

BCH/BTC

BCH broke bullish of this inverse H&S pattern and currently testing the old resistance to potentially turn into new support territory.
Bullish momentum cross of 26 EMA and 50MA on the 4H time-frame gives us to shift bias to the upside.
Now, BCH needs to hold this current price levels for at least 24-48H to keep this short-term uptrend intact.
A price drop close below 365 sats will invalidate this trade.
Comments
Boon2
H4 Bear Hidden Divergence.
acashcoin
Dropped already to 0.0365 BTC now
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