AlanSantana

Bitcoin Cash | Not Ready, Not yet; Potential For Lower

Short
POLONIEX:BCHUSDT   Bitcoin Cash / Tether USD
Yesterday Bitcoin Cash (BCHUSDT) tried and failed to move above EMA10 and EMA21.

We see this rejection coupled with high bear volume .

Today we are seeing prices growing below EMA10; bearish growth.

This is bad news as EMA10 is our main indicator to gauge the short-term potential of any cryptocurrency trading pair.

We can also see EMA50 or $110 as a strong barrier, this is the level to break for positive CHANGE.

Any trading below $104 and we can expect lower prices...

Targets: $95 is possible but even $80 is on the cards and lower...
Let's wait for the bottom!

After we hit bottom, we definitely will have long-term growth... That's the meaning of bottom, it can't go lower and this will be set in the next few weeks, maximum a few months.
See the related trade ideas for more.

Remember, I am always grateful for your continued support.

Namaste.

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