We will likely know rather or not this Bat means anything around the open of the new day. if it goes against us don't hesitate to exit but if BCH were to bullishly turn around for a bit this would be where it would be.
Here is another coin to buy and hold as cup and handle is confirmed. The handle will prevent us from burning our fingers while drinking hot tea from the cup. And once the cup is on our lips, our brain tells us to test the hotness of the tea, then hold a bit before sipping again, and this time, the quantity in our mouth will be much more than the previous ones....
Price is going to close below the 21 week moving average which will likely be followed up by a test of 461 and if that doesn't hold we can see price go much much lower.
The MACD is also crossing bearishly which leads me to believe even more that the bearish scenario will play out.
Bitcoin cash in the support zone currently for a break out. Watch out for support around 700+ dollars. We the 10 day ema is crossing over the 20 along with the 50 and the 100 is near too. Previous following trend line shows support for upwards to 1,000+ with a few pull backs along the way I'm sure. The long "W" formation is closing to breaking the retrace should...
BCH took a quick pause, presenting a breakout opportunity.. As always DYOR, the triangle confluent with all three EMA's compressed, VWAP turning bullish. May or may not retouch support before breaking out.