At D1, the cloud is directing downward, indicating a downtrend.
Besides, the cloud is directed downward at H4, which also indicates a downtrend.
On H4 and H1, the correction model in the form of a triangle is visually well visible.
We recommend selling on the breakdown of the downward correction model boundaries, or in case of false growth to the level of 250...
On D1, the price fluctuates around the cloud. The triangle model of correction is visually clearly visible.
Locally, we recommend selling when the RSI reaches an oversold level on the H4 and when the price will reach to the Fibonacci level of 36.8% and 23.6%.
At H4, the cloud is directing upward, indicating an uptrend. At H1, the cloud is...
Looks pretty valid, neck breakage really hasn't happened yet, so complications are possible.
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Looks like bears are taking control. For long term trade next good entry would be around $189-$180. i think as soon as market recovers it would easily touch $320-$340 nearly double. please note these are my own notes for my future refernce and by no means any tradnign advise for anyone to follow. please do your own research before entrying into any trade. if you...
BCH reached the target zone and now facing a potential pullback to retest on previous resistance to turn into new support between 0.02929 - 0.02838 regions.
After BCH reached overbought condition after quite some time, the price immediately reacted and reversing back to a normal level.
BCH may have to consolidate and find new support to continue its...
BCH broke bullish after trading outside the trend-line resistance. We can see an EMA cross of 12 & 26 on the Daily time-frame.
This will signal an early sign of momentum change to the upside. I expect BCH to cool down a bit as the price is extended during its breakout.
A retest of the EMAs and immediate support between 0.382 and 0.236 regions.
AND altseason wraps up as BCH, XLM, LTC kick off into what will follow: a healthy BTCUSD consolidation; before encountering next major resistance at $9642.
With that being said keep your stop loss is set at all times keep your eye on your portfolio and do not get greedy just because there are ample...
Technical Analysis, H4 Time.
The BCHUSD is stuck in the $ 285 to $ 336 range, only serious news can move it away.
You can see that a double top template is created here.
It is best to sell close to the resistance especially the above case there is a lot of uncertainty.
Target: $ 290
I haven't updated BCH for a while. Long story short. I wouldn't touch it... BCH had a major rally, but that's also because it was embroiled in a lot of drama and it cleared up... slightly...
Call it a head and shoulders, call it breaking trendlines, crappy macd, crappy RSI, whatever. I call it weakness.
If we break 350 we go down hard.
Best of luck on this...
FREE ANALYSIS ON BCHUSD
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we can see a small bearish momentum forming. Currently MACD is showing bearish divergence and same on the Stoch RSI.
Price broken out of the 3 MA's on...