Looking at some important levels and what to look for in the future
BCH is at the moment pretty low, and right now would be a good moment to buy.
Regarding fundamental news, BCH will soon be again at 400$/+.
BCH is testing both the 200 day simple moving average and a major downwards trendline. A breakout above those could be a very bullish sign for BCH.
BCH has already broken above the 100 day moving average and gotten support from it. Time will tell if the 200 also can turn into support.
Hello everyone, this is our view on bcheur, enjoy!
Technicals don't lie: huge volume spike detected on small timeframes, signal the pump is not over yet. If whales keep pushing it this way (following the Elliott impulse waves) those are price targets. Brokeout of an ascending channel just to make another one higher which we probably won't break this...
This looks like a very strong TA.
There's alot of pressure on the daily chart and the bulls are working to hold it from going lower but as seen on 4H chart it's now battling on resistance level.
I see this getting rejected at current price level and stomp back to close around the opening.
For the rest of the following weeks it will stay in this downtrend.
As I was reading charts, I came across this head and shoulders pattern. This pattern is highly respected and valued among traders.
As addition to the Pattern the MACD is crossing the signal line, giving an indication of bearish momentum. The Price seems in an stable (as the RSI indicator shows)position and has room to move. I am excited to see if my...