BCH BEAR FLAG ON DAILY, REVERSAL NECKLINE AT 920
Hey friends,
BCH in the bigger Daily picture is right now in a bear flag. For a bull break, the reversal neckline is at $920. On the weekly a bull break could lead to a huge tightening pattern between 1.800 and 600 Dollars.
On the 4H we're forming an equilibrium: we have a double top at 880, to the downside we have higher Lows at 780. We're right now barely upholding 4H 26 EMA as support at 830.
=> A break here will be coming
If you had some value from my analysis, please like & subscribe so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a happy trading! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
BCH in the bigger Daily picture is right now in a bear flag. For a bull break, the reversal neckline is at $920. On the weekly a bull break could lead to a huge tightening pattern between 1.800 and 600 Dollars.
On the 4H we're forming an equilibrium: we have a double top at 880, to the downside we have higher Lows at 780. We're right now barely upholding 4H 26 EMA as support at 830.
=> A break here will be coming
If you had some value from my analysis, please like & subscribe so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a happy trading! ;)
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
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