I think, that current movement from Feb 18 is finishing. That move from 12 Nov 17 to Feb 18 must have a continuation somewhere to price 1, as I marked.
The point is:
- if cryptomarket will grow, ETH will grow faster than BCH
- if cryptomarket will fall, BCH will be falling faster than ETH
. BITCOINCASH/ETHEREUM is in a range bound and beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 41.
. The price is in a range bound and we forecast the uptrend would begin.
. There is a possibility of temporary retracement to suggested support ...
I want to show this simple trend analysis on Bch/Eth and why it is a great time to buy.
As you can see after we had got double bottom in the first week of feb the trend started to get positive again and right now we are on the lowest part of the trendline (Red One).. i don't think we will see 1.66 again for a long time.
Finally the triangle will be broken, BCH has to break that 2 strong resistances, after that BCH can fly.
In the other side ETHUSD are still in bearish mode.
This is a short term trade. Im not your financial advisor DYOR.
Potential upcoming play to accumulate more ETH based on cross over of EMA 55 and EMA 200.
A more detailed look shows that the crossover should occur in a weeks time. The cross over will signal the start of a bull trend for BCH. Target to be advised.
Everybody Loves ETH! This is a solid play to accumulate some more lovely ethereum!! Throw it in your hardware wallet or dump it in another shitty ico or send me it to gamble in these markets.
I like to trade market cycles and this is due to play out another one. With btc in uncertainty the whole market is waiting to follow, if it pumps or dumps I do believe you ...
BCH/ETH falling below the Trendline Support (A) declining in price.
If it falls below Trendline Support (B) it will continue to decline.
Wait for BCH/ETH to form a higher low before buying in.
A higher than previous price of above 1.47 ETH needs to be formed before determining the next move.
Will update as the days progress throughout the week.
Please come back ...