BCHBTC
Bitcoin Cash BCHUSDT - Bearish divergence + Ascending channel- RSi bearish divergence on 4h candles
- Ascending channel is a bearish pattern
- Rejected by the trend line since 14 Feb 2020
- Impulse Elliott wave completed
- We can expect lower prices
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Bitcoin Cash headed to $300!Bitcoin Cash - Intraday - We look to Buy a break
Trading close to the psychological 300 level.
Short term MACD has turned positive.
278.6 has been pivotal.
A break of bespoke resistance at 278.6, and the move higher is already underway.
Our outlook is bullish.
Our profit targets will be 299.7 and 304.8
Resistance: 278.6 / 290.0 / 300.0
Support: 270.0 / 262.0 / 257.5
BCHUSDT - Pull back to broken linesThe ascent was powerful but now Pivot formed on the roof of channel.
The evidence shows that we are in a channel and now we are moving in a downward direction to test the midline.
Signal line of CSRS turned to red that is a bearish sign.
In 15min resolution, a negative divergence forms at the channel roof, which is another confirmation.
I think pullback to the broken line is the ultimate goal, not the midfield.
In the mentioned range we also have fibo 61% and of course dynamic supports of fiboMA.
* During the time I was thinking and writing the price dropped as 2$ :|
BCHBTC bearish overview.Hello, traders.
BCHBTC chart is only looking bearish in my opinion, we are below two important resistances, but I am seeing a bullish divergence on RSI which means that we can see a pullback or a short term bullish rally.
But don't expect much more than that, the chart has a lot to show us before starts to look bullish.
Best Regards.
BCH going higher as i predictedI predicted a rise on the 14 and it happened.
Now, it will all depend of BTC that has good chances to move above 11200 in the coming week.
It's all written
We could rise back to 270 and hopefully after reclaim 320 again.
Watch out for whales moves as they played us a bad trick early september