BCH 4hr. Looking for 43 RSI but CAUTIOUS. Published 4/8/19
Jumping into the 4hr we see our symmetrical triangle bull flag in all its glory. It looks like we are trying to hold support on the 26MA. The ranges between support and resistance lines are big. 17+ % from our current 294 support to the 200 ma cross support we see on my daily. 42% + to get down to our smaller green box and there are only (about 9) supports in that range.
RSI is 56 but BCH does not seem to like being less than 43 RSI on the 4hr since the end of January 19. We see the same swing characteristic here though; when it breaks it really breaks.
RSI is 56 but BCH does not seem to like being less than 43 RSI on the 4hr since the end of January 19. We see the same swing characteristic here though; when it breaks it really breaks.
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