Crypto Weekly Update: (Daily Charts)
Symbol Total Vol Chg (24H) Chg (7D) 20/50/200 Support Resistance
BCH 3.33% 10.73% 90.71% yes/yes/yes $240.00 $412.00
Until see selling vol and bearish candles momo on long side. Look for flag on 4hour chart for continuation long. I would prefer to see a pullback to $240 support for a long entry.
Symbol Total Vol Chg (24H) Chg (7D) 20/50/200 Support Resistance
BCH 3.33% 10.73% 90.71% yes/yes/yes $240.00 $412.00
Until see selling vol and bearish candles momo on long side. Look for flag on 4hour chart for continuation long. I would prefer to see a pullback to $240 support for a long entry.
Comment:
Looks like a healthy pullback to former support and the 200sma. If cryptos start seeing heavy sell volume and give up more than 50% of recent move I will start to get nervous. Also should watch LTC which jump started the recent rally.
