BCHUSD
is bearish. We are likely near the bottom, however, we need to wait for break to upside out of triangle. Steps to take:
- Buy at blue uptrend support OR break of $648 area resistance line if candle open close above OR multiple buy signals
- Sell if candle open close below blue uptrend support
If BCH breaks down further below blue uptrend line you would buy at next support of $436 area
Comment:
We are still holding blue uptrend line. With BTC reversing to the upside, we should stabilize here
Comment:
BCH failed to hold the blue uptrend line. $435 area is your new support base. We are likely to consolidate here for a while before moving higher.