Bitcoin cash Analysis; Crypto To The Moon #37.
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;
4 Hour Timeframe.
Using the 4h Timeframe, taking off from were we stopped last time.We were previously under the purple trend line as we had retested it several times three times to be precise before finally undergoing a breakout.
Now, a breakout could either be a good or a bad sign, depending on the part it occurred be it up or down. But as we can clearly see in the analysis, it's fortunately from the top side as this provides more hope for a bullish start.
1 Hour Timeframe.
Using the 1h Timeframe as usual gives us an even more closer view and detailed information on what's happening on the BCH charts.
We get to see a very detailed and and beautiful retests as we went bearish. After the break out, there are still chances of us still going bearish as we head towards a support zone.
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