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BCH wonderfully breaks the neckline bullish at 880 after fakeout to the downside, with 3% potential gains. EMA 12 on 4H is now support, while 26 is resistance. We hadn't touched the 12 EMA since the big flush from 1100 down. 835 is now support on the 4H, while we have 2 resistance areas coming up with 900 & 950, and might have to consolidate before breaking those.
As BTC & BCH are almost correlated like Gold & Silver, meaning BCH is always more volatile, the gains to the upside are always more with BCH, but obviously, also to the downside.
So, watch out for grandpa, as it is still fighting with 4H EMA right now and might consolidate here a little bit before continuation.
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BCH wonderfully breaks the neckline bullish at 880 after fakeout to the downside, with 3% potential gains. EMA 12 on 4H is now support, while 26 is resistance. We hadn't touched the 12 EMA since the big flush from 1100 down. 835 is now support on the 4H, while we have 2 resistance areas coming up with 900 & 950, and might have to consolidate before breaking those.
As BTC & BCH are almost correlated like Gold & Silver, meaning BCH is always more volatile, the gains to the upside are always more with BCH, but obviously, also to the downside.
So, watch out for grandpa, as it is still fighting with 4H EMA right now and might consolidate here a little bit before continuation.
If you find my analysis helpful, please like & subscribe, I will be doing those daily from now on! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.