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.
On my last article, I wrote on Bch being bearish or undergoing a bearish trend after a breakout from a triangle and also a retrace back to the purple resistant zone. Which it did certainly.
Presently, I'm spotting a Head and shoulder formation.
In a Head and shoulder formation, there are tripple tops with the middle one being more longer than the two opposite tops.
A common thing to expect in this formation is a proper retraced candlestick, which will go all the way to the support zone.
Overall: some bearish movements but hold on tight to your Bch.
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.
