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 On The 45M Timeframe
Bitcoin cash is currently recovering from the unexpected crash we experienced yesterday.
Though after some little increase in price, It eventually drop again but this time not as much as the crash we experienced yesterday.
In today's analysis, the candlesticks have made it back to the support level at around the price of $442.40 respectively.
Not only is there a bounce off at the support zone but also, using RSI, we can clearly see it reaching the oversold region. This interprets to a new turn in market trend towards a bullish trend.
What do you think about the current state of BCH? feel free to comment below.
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
Thanks for your supports @Pantera and @King_Gozie.