bestfarbit74

BCH seems for more bulls with key levels

BINANCE:BCHUSDT   Bitcoin Cash / TetherUS
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
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

Comments

It looks good indeed! I will wait for the triple bottom as an entry!
+1 Reply
bestfarbit74 trade-crypto4ever
@trade-crypto4ever, yep buddy me too
Reply
It might seem a little bit risky to wait for the triple bottom on the BCH. Double bottom seems a safer zone to consider though.
Reply
bestfarbit74 farhad1985
Reply
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