Hi everyone
BCH broke our triangle downward but couldn't keep going down. as you see on the chart the price trapped in ranged area and I expect it takes a little more long to break up or down that area.
but I am still more bullish than bearish.if you look at the rate of change indicator you see the price crossed up the zero line that is bullish sign.
anyway if the price crosses up our green dashed line next destination would be around our 200EMA or even more. if crossed down the red dashed line next target is somewhere between
50% and 61.8% of fib. stay safe
Enjoy the market
BCH broke our triangle downward but couldn't keep going down. as you see on the chart the price trapped in ranged area and I expect it takes a little more long to break up or down that area.
but I am still more bullish than bearish.if you look at the rate of change indicator you see the price crossed up the zero line that is bullish sign.
anyway if the price crosses up our green dashed line next destination would be around our 200EMA or even more. if crossed down the red dashed line next target is somewhere between
50% and 61.8% of fib. stay safe
Enjoy the market
Trade active:
I still believe we are going upward more. we may have just a little correction at this point but our next target is around 233, 242 , 260$. look at the chart for:
our MACD & klinger indicators are in positive side
the price broke our line upward
our MACD & klinger indicators are in positive side
the price broke our line upward
