Long
BCH (Prj.2019.P01.E01).BCH looking good
Observations:
On the weekly chart, BCH has been performing well and has reached the main resistance.
If the candle stick open and closes above this resistance, then the trend is confirmed bullish. 21 EMA acting support.
On the daily chart, BCH has moved up while BTC has dropped. If BTC was to drop further, it will be unlikely BCH will continue in the upside.
On the 4 hourly chart, it has also reached the main resistance with RSI and stochastic RSI indicating its extended *above 70% and 80% with these indicators
Conclusion:
We need a min. of an open and close 4 hrly candle above this main resistance. Preferably on the daily candle to give the green light to enter (long)
4 HRLY Chart
Weekly Chart: 21 EMA acting support.
On the weekly chart, BCH has been performing well and has reached the main resistance.
If the candle stick open and closes above this resistance, then the trend is confirmed bullish. 21 EMA acting support.
On the daily chart, BCH has moved up while BTC has dropped. If BTC was to drop further, it will be unlikely BCH will continue in the upside.
On the 4 hourly chart, it has also reached the main resistance with RSI and stochastic RSI indicating its extended *above 70% and 80% with these indicators
Conclusion:
We need a min. of an open and close 4 hrly candle above this main resistance. Preferably on the daily candle to give the green light to enter (long)
4 HRLY Chart
Weekly Chart: 21 EMA acting support.
Note
For now, a big rejection...expected as BTC drops
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Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
Disclaimer
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Discord: discord.com/invite/vb4hbP88vb (TradeToProspa)
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Telegram: t.me/TprospaTradersbot
This community has signals now but with no risk management comms.
Related publications
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.