Many people have been asking for Bitcoin Cash / U.S. Dollar (BCHUSD) so here it is...
Let's start with the long-term weekly chart, a correction is possible:
Last week we had a bearish candle and this week, if prices close below $346, we will have another bearish candle, signaling a correction/retrace.
The support is found first at EMA10 or $302 and later the rising trendline in orange which is matching EMA50.
After this, we can analyze the next move.
For BCHUSD to continue straight up, we would need a weekly close above $361/$379, this is strong resistance right now (matching EMA100).
That's it.
I hope you enjoyed it.
Namaste.
Let's start with the long-term weekly chart, a correction is possible:
Last week we had a bearish candle and this week, if prices close below $346, we will have another bearish candle, signaling a correction/retrace.
The support is found first at EMA10 or $302 and later the rising trendline in orange which is matching EMA50.
After this, we can analyze the next move.
For BCHUSD to continue straight up, we would need a weekly close above $361/$379, this is strong resistance right now (matching EMA100).
That's it.
I hope you enjoyed it.
Namaste.
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lamatrades.com (Since 2017)
🔝 9,999+ Altcoins & Bitcoin Charts!
t.me/alansantana1111
🚨 Free PREMIUM Trade-Numbers
alansantanatrades.com