imagine bch tested this trend line flip and continued north?
rsi topped in the NINETIES
rsi topped in the NINETIES
Comment:
On the hourly chart, we have 2 touches to 95 on the rsi back to back.
This gives an even closer look at how powerful this bullish action was.
Look at the steepening of the slope across the simple moving acerages.
This kind of movement was either lagging behind the market, or is over-extension.
This gives an even closer look at how powerful this bullish action was.
Look at the steepening of the slope across the simple moving acerages.
This kind of movement was either lagging behind the market, or is over-extension.
Comment:
lastly, a look at the 30 minute chart
the price action looks to test the 50 sma already. This could be a sign for yet another continuation north.
I wanted to share the show this action from the daily, 4H, 1H, and 30 minute.
What a day for BCH!
lastly, a look at the 30 minute chart
the price action looks to test the 50 sma already. This could be a sign for yet another continuation north.
I wanted to share the show this action from the daily, 4H, 1H, and 30 minute.
What a day for BCH!
Comment:
BCH is super overbought on the daily rsi.
This kind of growth doesnt seem sustainable in my opinion.
There might be a good short opportunity here.
Just place your SL slightly above the high around 330-335
The .618 retracement for this huge impulse would bring it back to a key level it blew through.
This kind of growth doesnt seem sustainable in my opinion.
There might be a good short opportunity here.
Just place your SL slightly above the high around 330-335
The .618 retracement for this huge impulse would bring it back to a key level it blew through.
This is the 4H perspective.