BCHUSD 60 minute update
Well it was touch and go for awhile there and we may still not be completely out of the woods but after tweaking some of my trend lines a wee bit I am starting to feel more comfortable with the reversal here. I have seen this type of pattern before and now we are seeing a doji star which is also generally a reversal indicator. I think we will move up gradually here until the 20 MA and 50 MA see some convergence and then it will rally upwards with good strength once we move past 1600 to about 1630 area. So I'm still hanging in for now.
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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.