@InvestorOmar
BCH Today; Crypto To The Moon; Trade Analysis. 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.
Using the 45m timeframe in today's analysis, the candlesticks seems to be in a ranging formation today after some couple of retracing in both trend lines formed ( up and down) with their respective colours; Purple for the up and Yellow for the down. What I should be expecting from this formation is a short term bearish run right back to the major support area or zone. Also, above the candlestick currently formed is the Moving Average which can also act as a Resistance point in most cases. Overall: Some short term bearish movement before bouncing off the support zone.
https://read.cash/@InvestorOmar/update-free-bitcoin-cash-chart-analysis-bch-to-the-moon-3cbb7e90 https://read.cash/@InvestorOmar/update-crypto-to-the-moon-bitcoin-cashbtc-12dfd928 ***Peace***.
4 comments
Nice trade setup but I think it's gonna buy little to clear the $$$ at the top side before coming down to mitigate the OB at the downside
Yeah, there's a really high chance of that happening too. Just waiting for the breakout in descending triangle formed. By the way, Thanks for the comment bro.
I love your analysis, you should make your article longer for rusty to see you more often.. you are doing great maybe we should a bull run soon and that’s what the new year will bring forth… happy Sunday
King_Gozie my man. As usual, thanks for your support, and kind words. The articles are usually short coz I already covered alot on the bch chart which leaves me with less to talk about everyday. I'll see to increase the length a little bit. Again, Thanks for your support man.