BCH (bitcoin Cash) Bear territory or time to (clouded) Moon?
It's been a while since BCH USD has been a bullish runner , the big downtrend started in May, from a peak of 1841 $ to a possible down Bottom of 469$ (while i'm writing 625 $)
now it's time to move again, a move up on 1st sept could be followed by high volume in the next days and volatility is known to be high on this coin, this make it a possible Big Mover.. the question is would be BEAR or BULLS?? who will take the push?
The trend is showing a descending triangle top tap , that could be followed by a sell off and next move down to the 300 $ area, or the high volume pressure could push the price higher to a false breakout if indicators shows signs of overbought or to a price recovery to the 890 usd area if volume stay high.
Questions remain ..please comment your ideas on the topic and suggestions
Happy trading days
C-Monkey
now it's time to move again, a move up on 1st sept could be followed by high volume in the next days and volatility is known to be high on this coin, this make it a possible Big Mover.. the question is would be BEAR or BULLS?? who will take the push?
The trend is showing a descending triangle top tap , that could be followed by a sell off and next move down to the 300 $ area, or the high volume pressure could push the price higher to a false breakout if indicators shows signs of overbought or to a price recovery to the 890 usd area if volume stay high.
Questions remain ..please comment your ideas on the topic and suggestions
Happy trading days
C-Monkey
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.