One day analysis of BCHUSDT
Yesterday it tested the previous low again and we can see it has been broken. For now we have a lower high looks like we heading down again.
Blitz Bear: follow the downtrend either we create a big triangle then narrow down to choose a direction or we just heading down and create a lower low. both way would require a continuation of downtrend for a while.
Blitz Bull: the market still shows the power to prevent the price going down further(mostly related with the Fed rise rate but now the sentiment has been cool down), that why the bears couldn't push the price much more. and MACD appeared a divergence. probably can see a rebound goes above 300 soon.
Blitz Bear: follow the downtrend either we create a big triangle then narrow down to choose a direction or we just heading down and create a lower low. both way would require a continuation of downtrend for a while.
Blitz Bull: the market still shows the power to prevent the price going down further(mostly related with the Fed rise rate but now the sentiment has been cool down), that why the bears couldn't push the price much more. and MACD appeared a divergence. probably can see a rebound goes above 300 soon.
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