Bitcoin Cash dumped to an important support level and did a fake breakout. It would be a good opportunity for a swingtrade with low risk.
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BCH/BTC broke the long-term Resistance line and now is accumulating on bullish accumulation pattern called Bullish Rectangle if we broke the accumulation on the uptrend direction we going to see a very strong bullish movement for this asset.
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Here I go short on Bitcoin Cash
and Bitcoin Cash will go down.
The price is testing the major support zone, so now i sell short and the bearish breakout will start
and Bitcoin Cash will go down
Roger see you down there
Bitcoin cash is in a moment of uncertainty. On the one hand we have what seems to be an head and shoulders, on the oether hand we have an formation of an descending triangle. It is dificilt to predict what is about to happen. If it will confirm the head and shoulders breaking out the neck line or if eventualy will break down and continue its...
While the price is above the support 0.0235, beginning of uptrend is expected.
We make sure when the resistance at 0.0480 breaks.
If the support at 0.0235 is broken, the short-term forecast -beginning of uptrend- will be invalid.
While the RSI uptrend #1 is not broken, bullish wave in price would continue.
A peak is formed...
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BCH has been on a bearish trend lately. Now after testing S1 4 times ( circles ) it does seem like it found a bottom.
And during those 4 bounces of the S1 the RSI has shown a stronger divergence on each test ( Purple rectangle ).
It's still under the...
Bitcoin Cash seems that is repeating its previous movemant pattern, If that is the case bitcoin cash is close to give us an excellent sell opportunit in the near weeks.
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