Updated
BCHUSD 5 hr chart and broader perspective
Again here with BCHUSD now and realizing my short term trend lines were not accurately capturing the bigger picture. So we see here trending the vector of the 50 MA that also there is a potential for a move lower in the short term. I have indicated two potential pathways forward. You will also notice that on this time frame the whole structure is being supported nicely on the 200 MA and this has been tested in the red circles.
Note
It doesn`t seem like BCHUSD 3.17% is going to wait much longer to join in the party too. Looks like it`s going to be a very Happy New Year`s... woo hoo...
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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.