Algorca

BCHUSDT - Pull back to broken lines

Kort
Algorca Uppdaterad   
HTX:BCHUSDT   Bitcoin Cash Node / Tether USD
The ascent was powerful but now Pivot formed on the roof of channel.
The evidence shows that we are in a channel and now we are moving in a downward direction to test the midline.
Signal line of CSRS turned to red that is a bearish sign.
In 15min resolution, a negative divergence forms at the channel roof, which is another confirmation.
I think pullback to the broken line is the ultimate goal, not the midfield.
In the mentioned range we also have fibo 61% and of course dynamic supports of fiboMA.

*During the time I was thinking and writing the price dropped as 2$ :|
Handel aktiv:
I think we will have another downward movement
Trade stängt: målet nått:
After hitting our target, it goes up
Handel aktiv:
Its crossed over from resistance
price entered to a new uptrend
Trade stängt manuellt:
Volume decreased and a divergence detected in lower frames.
I think we will see another pullback to latest resistance which broken.
Kommentera:
I will continue the analysis in another new idea..so this will not update anymore
good luck
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