dfurrer45

BCH uncertain, but very short term more negative movement

Short
BITFINEX:BCHUSD   None
Because BCH did not exit the trend line of the descending triangle (Where the Arrow Points), it looks like it will continue to move down inside the curve drawn.
At the end of this and at my support line it could exit the Triangle and start an upwards trend.

If it exits the circle or goes under the support line it will probably move down towards a Price under 1200 USD
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.