Bitcoin Cash(BCH): Waiting For Breakdown
Updated
BCH has been teasing both EMAs for some time now and we see a nice downward movement to happen sooner (after securing that 200EMA)
After that confimational breakdown, we will most likely see a lower support zone being reached there!
Swallow Team
After that confimational breakdown, we will most likely see a lower support zone being reached there!
Swallow Team
Comment
BCH is testing the 100EMA after getting rejected by the 200EMA. We are seeing that the price has formed again another (wick touch) to 200EMA, which is common for BCH lately.
With that being said, we are looking for a potential upward movement here, but overall, we still want to see a nice breakdown of 200EMA.
Comment
BCH is still showing us some strength while staying slightly below 100 EMA. We are looking for full-scale breakout to happen here, which would result in a nice corrective movement (and a potential good entry for short position in the upper zones)
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