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Bitcoin cash Analysis; Crypto To The Moon #39.

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Written by   27
4 months ago

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;

1 Day Timeframe.

Starting with the 1 day timeframe, We're currently recovering bit by bit after experience some bearish movements for quite some time time now.

Hopefully it continues in this way and pattern till we fully recover and reach for the nearest support zone.

4 Hour Timeframe.

Using the 4h timeframe to get a closer and detailed look at the chart, It seems to be as though we're following and respecting a trend line as we progress and move upwards reaching a resistance zone.

We recently a crossed over a resistance zone which now acts as a support zone as we bounce on it and further made a retest landing on the resistance zone.

Once on the resistance zone, we're either going further up by breaking the resistance zone we are currently on.

Failure to do so, we might just go bearish for sometime reaching for the nearest support zone which is not that far from where we are.

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Avatar for InvestorOmar
Written by   27
4 months ago
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