Short
A short term downtrend is coming, either before or after THE HF!
A short term downtrend is coming, either before or after hard fork...
IT IS DANGEROUS TO TRADE BITCOIN CASH BEFORE THE FORK OF 15 NOV.!
While the price is trending up since the news regarding major support from some big exchanges to the upcoming hard fork, a short-term downtrend pattern is captured. RSI is obviously on a divergent path comparing to the price,
The high peak of Divergence Oscillator is becoming lower, Composite index is under MA lines.
But this pattern is not yet formed. Aroon indicator still presents positive.
If we can see a downward cross on aroon indicator, the short-term sell position will emerge.
IT IS DANGEROUS TO TRADE BITCOIN CASH BEFORE THE FORK OF 15 NOV.!
While the price is trending up since the news regarding major support from some big exchanges to the upcoming hard fork, a short-term downtrend pattern is captured. RSI is obviously on a divergent path comparing to the price,
The high peak of Divergence Oscillator is becoming lower, Composite index is under MA lines.
But this pattern is not yet formed. Aroon indicator still presents positive.
If we can see a downward cross on aroon indicator, the short-term sell position will emerge.
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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.