BCH has printed a double top
formation suggesting that a short-term high is in and signalling a short-term bear-trend. After breaking below the first blue rectangle
on the chart, price action confirmed bearish
pressure and brought the price to rest just above the second blue rectangle
. If price breaks below this support/resistance
zone I will feel very comfortable adding more capital to my current short fromm 0.0518.
It is worth noting that the RSI
are both trending downwards, giving slight support to this trend bias.