BCH - Price Analysis
Overall, BCH price is within a descending channel. We had a small reversal after the tweezer bottoms (in orange) that formed 3/4 days prior.
Tenkan san shows the market is ranging. At the same time, Kijun Sen is falling to meet the price which signals a lessening in momentum. The wicks under the past two daily candles further supports that idea as well as the RVI.
Due to the oversold conditions on the stochastic RSI there is a likely chance we'll see the price fall.
A potential bounce from previous psychological support or the .236 fib level could cause an upside break of the descending channel which could bring about a fib extension to the .382 levels.
If the channel fails to break to the topside, our next levels of support are, 711, 694, and 672.
Trade Safe!
Tenkan san shows the market is ranging. At the same time, Kijun Sen is falling to meet the price which signals a lessening in momentum. The wicks under the past two daily candles further supports that idea as well as the RVI.
Due to the oversold conditions on the stochastic RSI there is a likely chance we'll see the price fall.
A potential bounce from previous psychological support or the .236 fib level could cause an upside break of the descending channel which could bring about a fib extension to the .382 levels.
If the channel fails to break to the topside, our next levels of support are, 711, 694, and 672.
Trade Safe!
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免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。