CryptoJosh2018

BCH Bullish divergence or down we go?

BITSTAMP:BCHUSD   Bitcoin Cash / U.S. Dollar
Hello guys i'm a new trader here, but I have recently taken a look at the Bitcoin Cash charts recently and have noticed some bullish things on the chart that i'd like to point out. Currently as you can see the sell volume has been declining indicating that buyers may be slowly taking over and we may be seeing the inverse head and shoulders become validated. I would also like to point out that it looks to me that there may be a Bull flag in the making with a target of $240 range if it does make a move to the upside. The MACD shows an imminent cross to the upside indicating we may be moving up soon. This is not financial advice, just my opinion. Let me know what you guys think and if my charts are drawn incorrectly in any way. Thanks and hope you enjoy!

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