Cidoguy

BCH/USD short opportunity after overbought STOCH and strong FIBB

Short
Cidoguy Updated   
BITFINEX:BCHUSD   None
Hello traders!
I really made quite a lot of charts today, yet this one looks bearish to me!
After not succeeding breaking 1560$ line in the first time ever! I do not think it will do it this time either.
Stoch is extremely overbought and needs to calm down! After that the downtrend channel will reject the price and will fall around 800$.
Great short opportunity for making 45%.
Trade active:
After couple of days of testing and not braking i am still bearish on it!
Note: After some Ta after that, u need to get a first trade only to 1200$ and if it breaks that support and closes bellow on 4h chart. u should do another short to 800$!!
Trade active:
As we can see, the trade made it in our favor!
Similar trade was on Btc if u saw that!
First target 1200$ incoming!
Trade active:
It is trying to break 1200$ mark on both 4h and daily! we will see how it will go at the end!

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