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DASH/USDT - Two upward patterns 🚀Hello everyone, analyzed the DASH / USDT pair 🚀Price was in a falling wedge and moved well, forming an inverted HEAD AND SHOULDERS. Now there are good savings, I look forward to an impulse movement. Support zone Level: $ 184-197 Resistance zone levels: $ 232-247 The levels of work are indicated on the graph. Don't forget that this coin gave a nice boost to your deposit. This is impulsive and you shouldn't take short stops. "This is just my opinion, trade with your trading system." "Have a nice day everyone and come."
Long
by CryptoJaegerB
2
Near-term bearish signs for Bitcoin CashSUMMARY Bearish doji candlestick pattern occurs after seven days up followed by a second high, leading to a potential double top. Activity occurs on test of neckline of large bearish head & shoulders topping pattern. Potentially significant drop possible to below most recent swing low. A bearish daily Doji candlestick pattern occurs in Bitcoin Cash (BCH/USD) following seven days up, while a potential 1-day reversal triggered with a break below the candle’s low. This is the first time in eight days that price has dropped below the prior day’s low and is a clear change in the pattern of higher daily lows and higher daily highs. The potential topping pattern occurs in an area of potential resistance identified by: Neckline resistance of large bearish head and shoulder top pattern (HS). Area of 78.6% Fibonacci retracement of most recent swing high to low decline. Bearish 14-period divergence occurs on 4-hour chart. Most recent low to $196.80 was not close to reaching the measuring objective based on a percentage measurement, of approximately $144.54. Therefore, this pair has the potential to fall well below the most recent swing low. This doesn’t mean that it will, just that it could. A move above the most recent trend high at $306.70 will negate the above potentially bearish analysis.
KRAKEN:BCHUSDShort
by BrucePowersCMT