BCH bearish divergence and failed to close above cloud
Updated
On daily time frame yesterday candle didn't close above the cloud proving a failed rally
We also have a lower volume and a Regular bear divergence suggesting us to short
We also have a lower volume and a Regular bear divergence suggesting us to short
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Same with the BCHUSD pairBull strength is weakening
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While looking at the past rallies of BCHUSD pairwe see that bch showed the same behavior, low volume - higher price - momentum decreasing
This is a recipe of a bearish trend
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I forgot to put the chart in the first comment where i talk about BCHUSD pairHere it is
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Shorted BCH here at 0.174 with a tight stop lossLet's see what happens
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