DanielSpeiss

BCH Almost in a strong rebuy, trend reversal soon.

Lång
COINBASE:BCHUSD   Bitcoin Cash
Here are some observations I have on BCH with where we stand, potential next moves.


In the fib I put down, you can see that the retracing patterns almost align perfectly as the price falls @ .75, .618, .5, and now .382, at least 3 verified.

The price is slowing down looking at this pattern.

We can also see on the Macd that it hit a bottom resistance in volume.

We can also see that BCH is trading, respective to the continuation within this fib area, will be trading at or around a 45 degree trend, which is the standard for a growth pattern.

It is also standard and average to see the retrace fall within 40-60% before continuing its actual trend. Looking at the Fib we are now in that.

Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.