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
In my last article, I talked about the formation of a triangle in various Bch time-frames. And one of them was the 45m timeframe. As expected, there's a break out in the formed triangle but this time in the lower part of the triangle which translates to a downward or bearish movement.
But thankfully,it might not last long since it's based on the 45m timeframe.
In the 1m timeframe, there have been multiple respecting of the purple trend line formed, that too after a breakout from the formed triangle.
This could lead to a short term bearish trend or movement.
Overall:Holding on tight to your Bch might just be the right thing to do.
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.
