Hi!
Let's talk about BCH now!
BCH formed support line and resistant line, and it looks like a wedge.
Now, it hits the key support line.
There are two possibilities move as always.
If BCH hold on this support line, then it will test the upper line of the wedge and i believe it will break after the bounce.
But, if BCH break the support line, i believe we will test the support on .5 fibb level, and maybe that will be our next buy zone.
If BCH break up it will find resistance in 1300 dollar, and maybe we can sell at the top green zone to take the swing game.
From RSI, if we want to break up the bull should hold on 45 RSI point.
In MACD pov, we can see the bear has no much power to bring the price down.
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BTC: 1NprKbTvkyLKzpSg556eRj6XubiJEhw95r
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Let's talk about BCH now!
BCH formed support line and resistant line, and it looks like a wedge.
Now, it hits the key support line.
There are two possibilities move as always.
If BCH hold on this support line, then it will test the upper line of the wedge and i believe it will break after the bounce.
But, if BCH break the support line, i believe we will test the support on .5 fibb level, and maybe that will be our next buy zone.
If BCH break up it will find resistance in 1300 dollar, and maybe we can sell at the top green zone to take the swing game.
From RSI, if we want to break up the bull should hold on 45 RSI point.
In MACD pov, we can see the bear has no much power to bring the price down.
Don't forget to follow me! :D
Tip jar here:
BTC: 1NprKbTvkyLKzpSg556eRj6XubiJEhw95r
ETH: 0xbda06337bf410110c1ccddea8f6111a6c2f4f8f6
But in the market situation right now, i am not sure this is the buy zone or just a small support zone.