Bitcoin Cash has a good chance to start falling since we recently got rejected from the resistance zone while also filling the bullish CME gap.
If we see the next 4-hour candle or the candle after that to be with a strong red body, then we will have more confirmation of sellers' dominance, which then would mean a movement to the 200 EMA line (near the support zone).
From there we might break the zone and if we break the next target would be near $316, but this will be taken as an option only if we see a clean breakdown!
Swallow Academy
If we see the next 4-hour candle or the candle after that to be with a strong red body, then we will have more confirmation of sellers' dominance, which then would mean a movement to the 200 EMA line (near the support zone).
From there we might break the zone and if we break the next target would be near $316, but this will be taken as an option only if we see a clean breakdown!
Swallow Academy
Trade closed: stop reached
We had a good start where sellers kept dominating but at one point big green candles messed up our trade and we got a minor loss here.
🚨 Authentic Traders
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⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
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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.
🚨 Authentic Traders
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
⚡️ Short-Term + Mid-Term Trades
Keep an eye on us and you will not regret it. 😉
Telegram: t.me/+fiEDSn7M9pJkODA0
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.