BINANCE:BCHUSDT   Bitcoin Cash / TetherUS
Hello Dear friends

Currently, the positive divergence of the RSI combined with the downtrend line on the daily time frame has strengthened the possibility of completing a bearish wedge pattern.
To form an upward trend similar to the drawn scenario, we have two conditions: the complete consumption of the $108.9 range and the maintenance of the $87 range.
If the previous price floor ($87) is consumed, the possibility of completing the descending corner pattern is weakened.

We would be happy to hear your comments
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According to the analysis, an increasing trend was formed up to the range of $121. Now, to complete the bearish wedge pattern, there is a high probability of falling to the $90.2 range.
Keep in mind that the condition for the wedge pattern to be valid is to maintain the $87 range.


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