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EuroMotif
Oct 7, 2019 11:36 PM

BCH.USD at an important resistance (fib): must break asap 

Bitcoin Cash / United States DollarCoinbase

Description

BCH fib I have been watching since last big drop.
It is has been crawling the lower bands with precision.
Band 4 (4.236-4.618) is not strong but may be bottom.

This is a follow up of my attempt to
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Comment

Uh Oh! That exact rejection from Fib is a bad sign
But bulls are coming back to it, maybe they can break and hold it this time ?

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Comment

That Ping in above snapshot was indeed a sing of wave ending
several hours later we are well below that fib and look to be heading to the next one below. Although the Impulse of this push down was not looking all that forceful. Let me see what I can measure on the drop thus far.
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