BCHUSD is bearish. We are likely near the bottom, however, we need to wait for break to upside out of triangle.Steps to take:
- Buy at blue uptrend support OR break of $648 area resistance line if candle open close above OR multiple buy signals
- Sell if candle open close below blue uptrend support
If BCH breaks down further below blue uptrend line you would buy at next support of $436 area
Note
We are still holding blue uptrend line. With BTC reversing to the upside, we should stabilize hereNote
BCH failed to hold the blue uptrend line. $435 area is your new support base. We are likely to consolidate here for a while before moving higher.
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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.