Bitcoin Cash Early Retrace Signals

Bitcoin Cash (BCHBTC) did great recently but it seems that momentum on the side of the bulls is being lost.

Right now we can see volume going lower and a failed attempt at moving higher.
A potential drop is now in place and MA200/EMA200 is likely to be tested as support. MA200 is sitting at 0.039586.

Conditions for change
As long as prices are trading above EMA10 we remain bullish... If prices start to move higher and break the last high on good strength and volume, then BCHBTC is likely to continue to grow, but watch out for fake breakouts, since the signals are pointing to a retrace.

Thanks for reading.

Namaste.

Kommentera:

It dropped.