Bchsv has tripled in value over the last week, while almost all other cryptos were falling.
With a bounce in the other currencies we can expect continued market outperformance.
Points to watch are the uppermost parallel line which has acted as resistance before.
If price breaks through this and it becomes support then beware . This could be a spike high with rapid retracement.
Take profit
Target 1 :121
Target 2: 156
With a bounce in the other currencies we can expect continued market outperformance.
Points to watch are the uppermost parallel line which has acted as resistance before.
If price breaks through this and it becomes support then beware . This could be a spike high with rapid retracement.
Take profit
Target 1 :121
Target 2: 156
Comment:
Now the median line has become resistance. The fall through the line with small retracement under the line is bearish behaviour and confirms the validity of the slope. I will look at this vehicle again in a few days. If BTC falls to 2950 we should get a bounce which will ripple throughout the market. That may be the time for a long trade.
Now the median line has become resistance. The fall through the line with small retracement under the line is bearish behaviour and confirms the validity of the slope. I will look at this vehicle again in a few days. If BTC falls to 2950 we should get a bounce which will ripple throughout the market. That may be the time for a long trade.
This time the target is higher .
Notice the symmetry. We exceeded the channel ceiling by $6 and the floor by $6.
I have another chart that I am following concurrently.
This vehicle is difficult because we have no history