BCH seems for more bulls with key levels
Hi everyone
BCH right now seems more bullish than bearish to me. WHY....?
1- double bottom pattern and if goes down could be triple bottom for strong confirmation.
2-on rate of change indicator we can see strong bullish divergence and the line is on the positive side right now.
3-on MACD we can see the same. macd is moving on positive side.
on ICHI indicator but we still below the cloud that may bears get short term strength for awhile.
so it's possible for little correction but to me as far as the price stays upper than support levels and
doesn't close below them the chance of remaining in uptrend is more.
I also drew support and resistance key levels on my chart. don't forget I'm not predictor of the market
anything could happen anytime so that would be wise to trade with good strategy and money management.
stay safe
Enjoy the market
BCH right now seems more bullish than bearish to me. WHY....?
1- double bottom pattern and if goes down could be triple bottom for strong confirmation.
2-on rate of change indicator we can see strong bullish divergence and the line is on the positive side right now.
3-on MACD we can see the same. macd is moving on positive side.
on ICHI indicator but we still below the cloud that may bears get short term strength for awhile.
so it's possible for little correction but to me as far as the price stays upper than support levels and
doesn't close below them the chance of remaining in uptrend is more.
I also drew support and resistance key levels on my chart. don't forget I'm not predictor of the market
anything could happen anytime so that would be wise to trade with good strategy and money management.
stay safe
Enjoy the market
Trade active:
BCH is going to have some correction at this level.if it falls more can meet our support level area so set your SL below
Trade active:
if we lose that temporary support level the price can decline more in support levels area. if not we go upward
