CRYPTO of the week: BCHUSD 1,225.55 key today
Sequence from 1,450.91 high is completed at 1,242.02 and bounce should see sellers around 1,351ish-1,404ish for the last leg to the downside.
Beyond 1,405.00 count should be reassessed but as long as below 1,487.65 we should see lower. 1,225.55 will be watched today for a break to the downside and confirm the current view.
I don't like to sell here and will position long lower.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
Beyond 1,405.00 count should be reassessed but as long as below 1,487.65 we should see lower. 1,225.55 will be watched today for a break to the downside and confirm the current view.
I don't like to sell here and will position long lower.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
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