Short
BCH bearish divergence and failed to close above cloud

On daily time frame yesterday candle didn't close above the cloud proving a failed rally
We also have a lower volume and a Regular bear divergence suggesting us to short
We also have a lower volume and a Regular bear divergence suggesting us to short
Note
Same with the BCHUSD pairBull strength is weakening
Note
While looking at the past rallies of BCHUSD pairwe see that bch showed the same behavior, low volume - higher price - momentum decreasing
This is a recipe of a bearish trend
Note
Shorted BCH here at 0.174 with a tight stop lossLet's see what happens
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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.
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.