TrendFather

BCH When do you break the trend line?

COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
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Since Bitcoin Cash is a good asset, I decided to show its next action. To begin with, let's set the levels.

The main levels:
600 - is a strong resistance level .
312 - local resistance. Where the price will come when the trend line is broken.
203 - local support.
73 - global support and global minimum coins.

Indicators
According to MAs, it is clear that they are building a corridor to which price should strive. It’s possible that the price will turn out to reach MA 28 (violet) and then fall, since according to CCI it is clear that there will probably be a slight increase in a few days.

What to expect in the coming days?
The main task for this asset is to fix itself at level 203. So far, there are only attempts and slight growth. But good growth will only be after breaking the trend, after which the price can go to the level of local resistance 312 and test it. Most likely the price will be able to break through this level and fixes higher. Ideally, see a little lateral movement or consolidation above the level. BUT if buyers cannot be fixed above the level of local resistance 312, then they will move below this level. That is, there will be new searches for local support and intraday levels.

But if buyers can not break the trend line , then we can expect to consolidate in the blue zone 240 - 215.

If sales can reduce the price to the level of local support 203 and fix the price below this level, then most likely the price will go to the red zone 155 - 105 for a set of volumes. Since many will buy this asset there, the indicators will also be unloaded in the same zone and most likely the intersection of MAs (MA 14 will go from bottom to top through MA 28), which indicates growth.

I would also like to note that if consolidation is being formed now, a pattern with a rollback will form. The pattern reads: the first rollback movement (September 20 - 25), after which there is consolidation (September 26 - October 24) - after growth (October 25 - November 6) and the rollback to support (November 7 - November 24) - after consolidation (which should now happens). If this continues, then the rollback will be soon and the price will decrease to the red zone (155 - 105).
Im going to saaayyyyy... one fifty :D one fourty seven that would be my first entry.
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TrendFather AlexSchram
@AlexSchram, this not happened yet.
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AlexSchram TrendFather
@TrendFather, when it does. I will be watching ( 0) ( 0) :D
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TrendFather AlexSchram
@AlexSchram, stock up on popcorn.
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AlexSchram TrendFather
@TrendFather, Ill bring the popcorn and drinks! You grab us the the 3D glasses!
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