Bitcoin Cash Can Go Lower (BCHM19 on BitMEX)
Updated
Looking at Bitcoin Cash (BCHM19) on the daily time frame, I can see that it can continue going lower.
BCHM19 is now trading below EMA10 with additional room available to go down.
I looked at the BCHABCBTC pair for a better view since there is more data available on the chart. Here it is:
After a small bounce to retest EMA10, BCHABCBTC and/or BCHM19 can continue going lower to test EMA50 (magenta line).
Conditions for change: A break and close above the 3rd April high can invalidate the above signals.
This is not a piece of trade advice.
Feel free to hit like if you enjoyed this content.
Thanks a lot for reading.
Namaste.
BCHM19 is now trading below EMA10 with additional room available to go down.
I looked at the BCHABCBTC pair for a better view since there is more data available on the chart. Here it is:
After a small bounce to retest EMA10, BCHABCBTC and/or BCHM19 can continue going lower to test EMA50 (magenta line).
Conditions for change: A break and close above the 3rd April high can invalidate the above signals.
This is not a piece of trade advice.
Feel free to hit like if you enjoyed this content.
Thanks a lot for reading.
Namaste.
Note
Yes, it is going lower.
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