we are at the end of the triangle ... ready for a spike in one direction or the other
we are at a critical level after a quick bounce from the bottom, and a fake break of the static support ... Now prices need to run with high volume , just after a short consolidation
BCHUSD is revealing one of the most active cryptos in the circle ... Should be confirmed the wedge breakout it has to be considered a buy signal
That is going to show up , some volume increasing and price acceleration till over .55 is expected in the short term. stay tuned...
Actually this could change the short-term trend ...
After testing 0,55 prices have been soaring soon over 0,60 and consolidating under the resistance 0,62 .... now, it seems quite obvious to go to test 0,70 soon, there will be decided the battle between bulls and bears
Something interesting is happening today ... wind seems to turn up, while no more pressure is coming from bears ... let's see how this evolves.
Let's see how strong the buyers reaction will be at the EOD candle. Volumes are finally getting stronger. waiting End Of Day...
This indicator is convincing me of a deeper accumulation taking place and that will end with a sudden increase of volumes.
Accumulation seems at an end .... expecting more buying wind
Trying to bounce from a deep test of the supporting trendline ...
waiting for the next signal, to understand how this trading will evolve
Expect some reaction from this convergence between prices and RSI, if it will hold
Despite the deep selling , some relevant results can be observed on the 4-h chart. Speculative buying and let's see how it will evolve.