BCH just broke through the support at ±0,0518 and now going to retest the resistance at 0,0518 - 0,0525. The price is located below the MA 200 (4H chart) which is a strong resistance too.
Stoch RSI is very close to the overbought zone, no convergence on RSI.
Summarizing all facts, we can conclude that there are almost no reasons for a growth, while the whole market and especially altcoins are falling. At the moment we have a good chance to open a SHORT position on BCH for a good price.
If you like this idea, do not forget to put Like and subscribe to the profile, so as not to miss the update.
Stoch RSI is very close to the overbought zone, no convergence on RSI.
Summarizing all facts, we can conclude that there are almost no reasons for a growth, while the whole market and especially altcoins are falling. At the moment we have a good chance to open a SHORT position on BCH for a good price.
If you like this idea, do not forget to put Like and subscribe to the profile, so as not to miss the update.
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