Coin has been bouncing for some time now from that 200EMA and also 100EMA, where the price is being pressed to go for a potential attempt to test that upper resistance zone.
If we continue the same movement, we will most likely see the price touch that upper resistance zone, where we want to see a nice rejection and a potential re-test of that 200 EMA.
If we continue the same movement, we will most likely see the price touch that upper resistance zone, where we want to see a nice rejection and a potential re-test of that 200 EMA.
Note
While the price is gliding above 100 EMA, we see the strength colliding here for a potential last push to the upper zones!
We are looking for that upper resistance here, which would be a good and sweet spot for a potential short position!
Note
BCH has had a massive bounce from 100EMA, where it went straight back to that upper resistance zone. Now we are waiting for a re-test and, from there, a potential short-term short position!
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🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.