BCH slightly overpumped - some retractment from 1400 barrier lik
We're currently over-valued given the last toe hold of the previous major dip. The previous toehold should have been considered the "fair price" and I don't think that they're going to stick around past a 10% gain from their last investment. The last close was a loss and the volume doesn't indicate that the price will stay in the RVI sweet spot.
However, if the RVI stays in the pocket and VI + stays above 1.1, we could see another hard pump into the green fib.
However, if the RVI stays in the pocket and VI + stays above 1.1, we could see another hard pump into the green fib.
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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.