Let's get right to what's going on, in bullet format!
1. BCH has hit this double bottom area and bounced off of it.
2. MACD has crossed up on the daily
3. RSI broken out of this downward trendline.
4. It hit the previous resistance point/ema and moved off of it and is consolidating
It appears we are going to get a move up, but how far we go is the question? BTC appears to be heading towards it's massive trendline. IF BCH does the same, we could get a MAJOR move up, or it just goes up to this 900-1k area before reverting back down. We'll have to see how this move up goes!
Happy Trading!
-Sherem
1. BCH has hit this double bottom area and bounced off of it.
2. MACD has crossed up on the daily
3. RSI broken out of this downward trendline.
4. It hit the previous resistance point/ema and moved off of it and is consolidating
It appears we are going to get a move up, but how far we go is the question? BTC appears to be heading towards it's massive trendline. IF BCH does the same, we could get a MAJOR move up, or it just goes up to this 900-1k area before reverting back down. We'll have to see how this move up goes!
Happy Trading!
-Sherem
Comment:
This was by request, have something you want me to look at? let me know!
Trade active:
Well shoot, I wasn't planning on trading BCH, but this move looks good. I hopped in at 740.
Comment:
Looking good here as well -
Comment:
Need to get over 800 for a more serious move.
Comment:
For any continuation to happen this 715-720 area needs to hold, watch it closely. also keep an eye on what btc does here.
Comment:
Nothing good coming from this move, my stop was hit. If we break 650, look out below.