BCH Analysis; Crypto Analysis; Crypto To The Moon Series. #59
DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said, let's get into it;
BCH 1w Time Frame
A single candlestick formed on the 1w timeframe makes a big change on the price of a Crypto Assets be it Bitcoin, Altcoins or shitcoins.
As for now, there's a bullish formed candlestick which is on an increase. To support the bullish movement comes a moving average cross and a retest on a support zone.
If we're to continue on this path, we might just be going bullish.
BCH 2h Timeframe.
On the 2h timeframe,we just broke out from the symmetrical triangle from the previous analysis I made on 2h timeframe on a bearish path though.
After the break out, we went bullish for sometime before retesting on the former trend line used as a support zone. We're currently based on a key level which can act as a support zone and further lead to an increase in price as we go bullish.
BCH 4h Timeframe.
On the 4h Timeframe, I can easily identify the next resistance zone or the next price we can potentially reach after going bearish or increasing increasing in price which is at about $300.
Well, I guess that's it for now. Have A Nice day:)
Until Next Time, Peace.
