Is it me or does BCHSV have a similar setup to Bitcoin?
Looking at the hourly chart for BCHSV, it eerily looks like BTC's set up before its smack down. You may want to take some chips off the table until it decides which direction it wants to go. Looking at the price chart, it doesn't look bad and it's finding support on the .5 Fib retracement level. Bullish divergence can be seen as well. However, the price has wedged itself into a descending triangle which is bearish. The MACD has found resistance at the zero line and the volume has really died down. Unless there is a surge of volume, I anticipate a continuation to the downside. I would proceed with caution and have your stop loss ready if you're still in just to be sure.
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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.