1. DAILY crossed down.
2. Confirmed DIVERGENCE
4. Broken short term up
While it is possible that we could get another move up to this neckline, it seems unlikely that will happen. If we get a confirmed break of this $1,250 point that's bad news bears for BCH. We are going to $1,000 at least. If $1,000 breaks it will kind of be in no mans land in terms of support, we could see it fall hard. Right now BCH has been teasing this $1,250 break and even punched through it a little which isn't a good sign for a move to the upside. You want to see that support there BEFORE it hits those levels, not after. Not good.
BCH has had some good moves and people have made a lot of money, so it's worth keeping an eye on. I might have to see it fall pretty hard for me to be a buyer.