Bitcoin Cash Has Been One Of The Stronger Names of Late & Has Given Us Reasons To believe We Could See A Break Above Resistance, But Now BCH Has Failed its Attempt At Breaking The Upside Resistance, Are We Still In With A Shot Of Maintaining This Reversal?
I think We Are, The Red Line Shows Where BCH Broke Down On The Short Term Uptrend, However We Are Still Looking For A Higher Low To Form After This Drop, The Green Line Shows Our Path To Having Another Attempt At The Resistance.
However A Break Below The Green Line Could Just Have BCH Ranging In Neutral Territory As Shown.
A Drop Below 1040 Will Have Me Bearish In The Short Term But For Now If Bch Can Hold This Level I Will Be Looking For A Higher Low Then A Retest at Resistance.
Im Neutral For Now
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This Is Not Financial Advice
I think We Are, The Red Line Shows Where BCH Broke Down On The Short Term Uptrend, However We Are Still Looking For A Higher Low To Form After This Drop, The Green Line Shows Our Path To Having Another Attempt At The Resistance.
However A Break Below The Green Line Could Just Have BCH Ranging In Neutral Territory As Shown.
A Drop Below 1040 Will Have Me Bearish In The Short Term But For Now If Bch Can Hold This Level I Will Be Looking For A Higher Low Then A Retest at Resistance.
Im Neutral For Now
Follow For More Updates
This Is Not Financial Advice