We have a lower high and lower low now on the daily chart, with key weekly support $6,200.
If the bulls can change the 4 hour trend we will be looking for a daily equilibrium to form.
Break $6,200 and we are looking back towards $6,000 with the weekly chart shifting back towards bears.
Bulls have been unable to close a 4 hour candle over EMA26 resistance since the top in the $6,500s.
Bears are comfortable as long as the 4 hour current trend holds, bulls have little to be excited about without a break of $6,383.
At least traders have a BCH soap opera full of drama for some entertainment while we wait for a high volume weekly break.
If the bulls can change the 4 hour trend we will be looking for a daily equilibrium to form.
Break $6,200 and we are looking back towards $6,000 with the weekly chart shifting back towards bears.
Bulls have been unable to close a 4 hour candle over EMA26 resistance since the top in the $6,500s.
Bears are comfortable as long as the 4 hour current trend holds, bulls have little to be excited about without a break of $6,383.
At least traders have a BCH soap opera full of drama for some entertainment while we wait for a high volume weekly break.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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.
Checkout our full trading resources online chartguys.com
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social
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.