FarmerTIm

Bcash Elliot Wave

BINANCE:BCCUSD   None
Whats up everybody.

A look at Bcash today after a massive moon shot this week. After this last green candle rise the MACD is showing signs of decreased momentum which should pull back Bcash to the first line of support at 1250 or break down to some stronger support lines at 1130. We still should see some gains after a small pullback as we have finally pulled out of the ascending wedge that's put this market in the red since December.

Remember not to rush into any trades and buy in the red. Set your stop limits also.
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