icexch
Short

Bitcoin Cash on support before new lows.

BITFINEX:BCHUSD   None
So the "head with shoulders", which we wrote about in the previous review, worked out.
The fall resumed and has almost reached its calculated goal, it is almost the same mark, as in the beginning of February, about $ 850.
Trend indicators are on sale both on the daily, and now on the weekly charts.
After a breakthrough from top down of the line of the "neck" at $ 1150, the rate returned to it from above, but rolled back and reached a new local minimum.
Technically, everything signals the drop , except for the support at $ 850, which in early February, reversed the fall and led to a rebound of more than 80% (up to $ 1,550).
But at that time, before the rebound was the collapse and panic. Now it’s a systematic and gradual downfall with corrections.
Therefore, most likely BCHUSD will slip into the autumn range of $ 300- $ 500.
Cashening
Reply
icexch Doc-al-Citadel
@qdoc, yes, exactly
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out