Finally the down trend line has been broken by a bullish engulfing candle stick pattern. This move has been 'confirmed' with another bullish candle, but the resistance of $31 has not been broken yet. A possible long opportunity could be a retest of the downtrend line or a D1 candle close above $31 resistance level on 25th july.
BCH/USD formed tripple bottom on weekly chart with bullish engulfing candle stick pattern as entry signal. Possible entry may be now or after confirmed trendline break.
After the incredible rocket start of OmiseGo it may be time for a retracement now. This is indicated by a RSI divergence at all time high and losing buy power in a descending triangle pattern. With a break down close confirmation below major support level of 7.7, the down trend could continue to popular fibonacci retracement level 0.618 or even 0.786.
