BCH In Depth Daily: Tightening range Looking for the MA squeeze

As expected we see a tightening range on the daily inside an ascending triangle . Ascending triangles are often referred to as continuation patterns so we have we are still stacking the technical odds in favor of a bull flag confirmation. We still have PLENTY of room in the triangle though. RSI is on the high side at 67 and MacD is actually showing us that we need to slow down a bit. We have the 200MA sitting right at the 243 entry I wanted last week adding to that support. We had the 12 MA cross the 200 and the 26 MA is looking to cross it shortly is appears. Both bullish signals but look for all three of these to squeeze together. I believe this is when we will see out next definitive move.

KEEP AN EYE ON THIS. 12,26,50,200 MA may all squeeze together on the daily in the next 1-3 weeks signaling a major move is about to take place.