Short
BCH is ready for a retrace to the golden pocket.
After meeting an old trendline- breaking it - and then a rejection BCH is almost ready to dive. A breakout below 0,02987 (day-low) would be a confirmation. On the downside there is much potential. Around the fib38 we could meet another old trendline who could give us the perfect exit and re-entry around 0,02961. If we have patience (longs will pay us funding from time to time :-) ) we could find and seek the golden pocket where some very old resistance levels might do their job again. Final exit around 0,028. That would be a nice ride.
You could wait for 0,02987 to enter but it could go fast ...
You could wait for 0,02987 to enter but it could go fast ...
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.