BigLava

BCH rising wedge?

Short
BINANCE:BCHUSDT   Bitcoin Cash / TetherUS
We can see here that BCH has been rejected from local horizontal resistance about 3 times. A solid bounce back from trend support is seen about 3 times.

Closure above support (298) will

Bearish Indication:
  • Low Volume
  • Possible RSI Mid Peak
  • Rising Wedge (bearish pattern)

Bullish Indication:
  • Possible Bullish Pennant (4h chart)


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