BCH/BTC - Possible Buy Signal
Hello Tradingview community and crypto friends, after a few months lurking I decided to publish my first Idea. I am by no means a professional and have learned everything about trading and technical analysis by myself, so take everything here with a pinch of salt - this is not trading advice, only my humble opinion! And please feel free to add any comment which might help me and other people to get better :)
Now to the idea: possible short-term BUY signal for
BCHBTC - 0.151-0.152 could be a possible buy area to retest 0.170 top, RSI is showing oversold which seemed to work pretty well in the past. If the 0.151 support doesn't hold then we might retest the next Fibonacci level around the 0.140 area, but in that case I'd be cautious to buy until a new trend is established.
Happy trading, one love!
Now to the idea: possible short-term BUY signal for
BCHBTC - 0.151-0.152 could be a possible buy area to retest 0.170 top, RSI is showing oversold which seemed to work pretty well in the past. If the 0.151 support doesn't hold then we might retest the next Fibonacci level around the 0.140 area, but in that case I'd be cautious to buy until a new trend is established.Happy trading, one love!
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.
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.