Bitcoin Cash (BCH) Early Reversal Signals Long

Bitcoin Cash / BitcoinBinance

Description

⋅ Nov 17, 2020 1:17 AM

Incredibly enough, Bitcoin Cash (BCHBTC) has been dropping since February 2020.

Many altcoins printed multiple bullish moves this year but not this altcoin pair.

Prices are hitting new lows but there are early signals of a potential reversal... Strong bullish divergence showing up with the MACD and also RSI.

On the main chart above, we are looking at the 4H timeframe.

We've been having long lower wicks followed by higher lows... Prices can easily move higher as represented by the green arrow.

If BCHBTC fails to move above EMA10 but instead goes below the red dashed line at 0.014579, even lower prices are possible.

Currently, there is a potential for a bounce at the current levels.

Thanks a lot for reading.

Namaste.

Comment

⋅ Dec 30, 2020 10:42 AM

Target hit perfect on this one.

Comments

DavidHerein

⋅ Dec 9, 2020 11:46 AM

with others patience is a key but with bch patience is a dead :))

Recluse82

⋅ Nov 18, 2020 11:58 AM

weekly rsi is below 19 on coinbase

Recluse82

⋅ Nov 18, 2020 11:57 AM

this was too early :)

AlanSantana

⋅ Nov 18, 2020 2:14 PM

@Recluse82, It is obvious now... The RSI being that low can somethings be considered good... "Oversold".

But, it obviously went wrong.

Recluse82

⋅ Nov 21, 2020 3:12 PM

@alanmasters, nice move today, huge hammer on weekly bchbtc

ferGOD

⋅ Nov 17, 2020 11:24 PM

hello

ferGOD

⋅ Nov 17, 2020 11:24 PM

@ferGOD,