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BCHUSDT - Pull back to broken linesThe ascent was powerful but now Pivot formed on the roof of channel. The evidence shows that we are in a channel and now we are moving in a downward direction to test the midline. Signal line of CSRS turned to red that is a bearish sign. In 15min resolution, a negative divergence forms at the channel roof, which is another confirmation. I think pullback to the broken line is the ultimate goal, not the midfield. In the mentioned range we also have fibo 61% and of course dynamic supports of fiboMA. * During the time I was thinking and writing the price dropped as 2$ :|
Short
by Algorca
9
BCH. Main trend. Triangle. Base of triangle 777%BCH formed a triangle formation globally with a base of 777%. At the moment, the price is at the resistance of the downtrend line of the main trend. A breakthrough and consolidation above it will mean a reversal of the main trend. Enter on a breakout or pullback after a breakout of a given formation. If you are not new to trading, then you can try trading within the global triangle. Moreover, a fractally symmetric triangle of 23% is formed there, which can act as an upward pennant of 53%. If you are a bad trader, but want a lot of money, it is advisable not to trade inside the triangle. BCH local work. Secondary trend. Triangle 23% 53% There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations.
BITSTAMP:BCHUSD
by SpartaBTC
8
BCH local work. Secondary trend. Triangle 23% 53%BCH / USD pair If you are not new to trading, then you can try trading within the global triangle. Moreover, a fractally symmetrical triangle of 23% is formed there, which can act as an upward pennant of 53%. Enter on a breakout or pullback after a breakout of a given formation. Globally, the BCH main trend has formed a symmetrical triangle formation with a base of 777%. At the moment, the price is at the resistance of the downtrend line of the main trend. A breakthrough and consolidation above it will mean a reversal of the main trend. BCH. Main trend. Triangle. Base of triangle 777% There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations. There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations.
BITSTAMP:BCHUSD
by SpartaBTC
6
BCH/USD (Retest Weekly Major Support?)COINBASE: BCHUSD -Bitcoin Cash weekly chart view is still sideways -It is trading inside a potential ascending triangle -A clear flat area of resistance at 500 dollars -And new upward trendline of support at 175 dollars -BCH is likely to retest major support again -Can we expect another strong upside movement after retest? -There is a big chance because of good risk to reward ratio -Buyers will be interested if the price get this low -Please don't take this as financial advice -Technical analysis is only a guide for future scenarios -Exercise proper risk management
COINBASE:BCHUSD
by PolarHusk
16