Updated
BCH Potential Short-term Bullish Reversal
BCH has formed a bullish pennant and might go for another retest of previous highs around 0.2-0.22
We currently had a sell off to 0.17-0.18 from bearish momentum. However, we have a bullish harami that just formed on the 30 minute- hourly charts this indicates a potential reversal back into the Pennant or a test of previous highs
Either way BCH is alternatively a profitable swing trade however, I am patiently waiting for the termination of this bearish continuation for both BCH and potentially BTC before trading as you never want to trade in a downtrend.
$BITFINEX:BCHUSD
We currently had a sell off to 0.17-0.18 from bearish momentum. However, we have a bullish harami that just formed on the 30 minute- hourly charts this indicates a potential reversal back into the Pennant or a test of previous highs
Either way BCH is alternatively a profitable swing trade however, I am patiently waiting for the termination of this bearish continuation for both BCH and potentially BTC before trading as you never want to trade in a downtrend.
$BITFINEX:BCHUSD
Trade active
Bullish Harami confirmed, strong potential for pennant to breakout. However there is a lot of resistance above 0.195+, waiting for a retest and confirmationNote
Bears are still fighting/bearish against BCC however 0.2 is a risky price to buy at. I'm expecting something else for BCCTrade active
Bulls taking over BCC right now as indicated by huge volume candlestick
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.