The coin stopped updating its minimums. That's a 1st sign that the trend is switching to a bullish gradually. Right now we are in an accumulation period. If the market maker will give us a chance, then a good entry point will be from a lower dynamic line. Targets are marked on the chart. Good luck everyone!
I believe a inverse head & shoulders pattern is developping.
I'm looking for the price to retrace to $309 and then buy some $BCH in hope for the price to go back to $318 which would validate the pattern, and smash through the moving average resistance up to $336.
$BCH is a sleeping beast, I am betting on it.
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
UNTIL TOMORROW PRICE REACH 0.034027 BTC. THIS PRICE IS VERY VERY IMPORTANT . IF BCH PRICE CAN BREAK AND HOLD IT THEN PRICE ACCORDING GREEN LINE WILL GO TO 0.04134 BTC
ELSE PRICE ACCORDING TO RED WAY FALL DOWN TO 0.019696 BTC
I THINK 0.019696 BTC IS GOOD PRICE TO BUY
Divergence in cash rate policy between US and Norway, creates an opportunity for shorting the pair.
US is expected to cut its rate, while slower economic growth is waiting to hit the dollar. Norway's economy is doing great, and therefore they expect to increase the cash rate.
also looking at USO vs the pair, as it have been highly diverge against each other....
EU short term buy target achieved and will be looking to stay short on the pair from 1.12800 currently in profit with TP1 achieved SL moved and expecting a slight retracement till bears attack again. My descriptions are still not in depth but I stick to EU and will post more