BCH 4hr: Good Dip Buying!

2019년 5월 6일

Again, TRADE THE RANGES ON BCH. On the 4hr we see that there is a solid dip buying pattern currently. I will be looking to snag a fill next time we break down through a range. It’s a risky play but we can see that we usually bounce back into the range above (where we dropped from) or better. If you get your entry right these are profitable trades.
We just gained the 200MA as support. RSI a bit higher at 57. MacD looking unsure but currently bearish. Increasing bull volume will probably push us up to test the top descending resistance. Short play would be even more interesting if that 4hr RSI hits oversold too even though this is unlikely.