BCH pennant on Hourly just broke, all eyes on 600 psychological. As I have just answered one of my viewers on the XRP idea in the comments, the break of 600 will be crucial for BCH, because those are the weekly lower highs. So a definitive break will change the weekly trend. But be cautious: We are already in overbought territory on most timeframes.
If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
If you had some value from my analysis, give it a thumbs-up, because the mechanism shows my video to other people then. Make also sure to follow me so you get notified on my Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
Comment:
Weekly Chart:
Comment:
Short-term again: Potential H&S on Hourly. Neckline at 610-608, 600 psychological would be definitive break. If confirmed, could correct up until 560-570 range where 4H 26 EMA is coming in.