Long
BCH rebound opportunity
Looking at the most famous Bitcoin fork - Bitcoin Cash. BCHBTC was trading in a correction pattern since the November pump and formed a pennant figure. From the higher picture, the pair established a strong Trend Line and bounces off this line whenever the price reaches it. Yesterday BCH touched this Trend Line and immediately pushed back, forming a long shadow of the price candle. Overall, the coin looks oversold, so it seems that new bounce off the Trend Line could be forming right now.
Boundaries for today are 0.115 from the downside and 0.12 from the upside. Break above the yesterday high (0.1227) could lead the price upwards tot he next resistance at 0.13 level.
Boundaries for today are 0.115 from the downside and 0.12 from the upside. Break above the yesterday high (0.1227) could lead the price upwards tot he next resistance at 0.13 level.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.