I really like the setup. Nice continuation pattern for now and general pattern giving an insight over a down!
Divergences Spotted and we are testing an important trendline support if the 1h candle close below the support the first target will be the blue rectangle. First Target: 1.31850 Extension: 1.30900 Lets Go!
On the techniqual side we have a Bear Flag Pattern. We also had bad stats for USD last week. SL above the Bear Flag first take profit in the first TP area and second TP after the break down of the pattern. If we hit our first TP I will change my SL and put it at a breakeven point.
We are currently at the TOP of a Bear Flag Pattern and we have an excellent Risk Reward I put my Stop Loss and Take Profit on the Graph. The Volume are also decreasing which validate the pattern.
Lot of SL involve at the levels below and as we all know BTC loves to trigger them all :) If we break down we are probably going to dip. Targets are the bleu boxes.
I see a short opportunity Here be carefull the market is fairly crazy these last few days
We broke the last support we are probably going to reach 8016 extend 7880
We are expecting a small pull back before the down trend reset get ready to pull the trigger!
BCH is ready to go down with its daily bear div clear target lets pull the Trigger!
There is a potential short term reversal incoming with a diamond on the 15min time frame. Long on the break up
We see now an ascending triangle target 9440 if we break up the horizontal line ext 9500 - 9600
There is a 30 min DIV on RSI confirmed on Mom. We should get a retrace is the small uptrend break which we should expect.
After the break down of the HS a div appears on UT 15 and 30min which was followed by the up which re test the neck line of the HS as resistance. We witness a pull back and a Rising Wedge pattern which should break down down way.