Bitcoincashshort
BCH USDBCH/USD
Quite the significant bearish div here on the 12H. If I were in a long, I would be careful.
If we do pull back from here, I'd anticipate the green box below to get tested as support; from there we'll see how the bulls react.
#BitcoinCash #SHORTS are about to meet their RECKONING!!#BitcoinCash #SHORTS are about to meet their RECKONING!!
Bitcoin Cash [BCC] looking to continue to the short sideBCC Still Continues To Seem Bearish.
1) Moving Averages are about to cross Bullish and price action is underneath the MA trend lines.
2) Formed a Head & Shoulders pattern and the pattern confirmed. Expected Target for this is $684.
3) A long term trend line was drawn from the start of Nov 2017 until today. This trend line lies right above the Short Target from the H&S. Price could bounce off of this (approximately $789 ) as support or either bounce from the H&S target. I listed the difference from Target 1 and Target 2 which is about a 12.5% difference in price.
4) We are currently forming a downward channel if zoomed in to our current price region.
What do you think?
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