Volume Trend Analysis on BCH (long time frame signals)
We just saw a fairly decent rise on BCHUSD. I was already long from a shorter time frame using our Volume Trend Advisor but wanted to show the setups on a longer time frame as well. They are just as easy to follow and as you can see, work very well. A clean entry short into the long entry just prior to the run up.
For those trading Long entry was 660.90 (My entry was 665.5 on the hourly) . Support/stall point should be seen at 686.7 and a next upper target/stall point is 771.4 I do not trade during the weekend as it can be a bit of a wash but those levels should be okay short term. Unless of course something changes in which case I will update this idea.
The Volume Trend Advisor (The red and green indications on my chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength and the Red icon = Weakness. If you have any questions regarding this fairly simple and accurate method of volume analysis, please contact us directly via PM here or via our website.
For those trading Long entry was 660.90 (My entry was 665.5 on the hourly) . Support/stall point should be seen at 686.7 and a next upper target/stall point is 771.4 I do not trade during the weekend as it can be a bit of a wash but those levels should be okay short term. Unless of course something changes in which case I will update this idea.
The Volume Trend Advisor (The red and green indications on my chart) indicates in real-time and cannot repaint as it uses closed price and volume analysis to determine likely changes in direction/trend. The Green icon = Strength and the Red icon = Weakness. If you have any questions regarding this fairly simple and accurate method of volume analysis, please contact us directly via PM here or via our website.
Trade closed: target reached