BCH Analysis; Crypto Analysis; Crypto To The Moon Series. #63

0 44

Written by

Investors Friend;) 🏅Crypto and stock Trader🏅Stay updated on the market📈📉

2 years ago

In community: Daily Trends(1c5e)

Topics: Bitcoincash, Analysis, BCH, Crypto currency, Bitcoin Cash, ...

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 1D Timeframe.

On the 1D Timeframe, the analysis we made on the previous articles regarding BCH are still in use. As we've stated before, the price will go down which it did eventually.

And we also stated that it will slowly but steadily recover which is were we are now as the price reaches for the resistance zone. Though we could say it's already there since it's really close to the resistance zone already.

At this point, either one of two things could happen, which are:

We breakout the resistance zone and continue our way up. Which is what most of us want.

`OR`

The resistance zone has effect on us and therefore takes the price further down. Which is not what most of us want.

BCH 2h Timeframe.

Whereas on the 2h Timeframe, we are moving in a rather ranging pattern which is not something I like personally while making analysis as it makes it difficult to determine the next price movement.

We are at a point which seems to be acting as a support zone which is good. But like I said, it's ranging and there's no real pattern to identify a possible trend.

BCH 1h Timeframe.

After a breakout from a trend line which leads to a a ranging pattern On the 1h timeframe, we are still in a ranging like pattern but just that the support zone looks even more reliable on this timeframe as it has been acted upon many times.

This could be a positive sign that we're going bullish anytime soon.