Update; BCH Getting Close To The Bullish Run Everyday.

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2 years ago

Topics: BCH, Crypto analysis, Crypto To The Moon

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 go into it.

1 week Timeframe

In the above analysis, we're using the 1 week timeframe in order to get a broad and brief view on what's happening on BCH. Not to worry, I'll be getting into it further, using the 1 Day timeframe.

Using the 1 Week analysis, we'll see the candlesticks lying patiently on the support and key levels respectively. Though this is a good sign if everything goes and plays along well. One of the major thing we don't want to happen is; For the candlesticks to end up closing below the support and key levels as this might give rise to a bearish movement especially if it occurs on the bigger time frames. But as usual; So far, So good.

1 Day Timeframe

Now, the 1 Day timeframe helps us elaborate and gives us a much in depth view with what's happening to BCH as you can clearly see on the analysis.

So, what the chart is telling us is quite simple but yet still very important. At some point, it shows us the ranging pattern of which occurred as there art multiple retest on both the key level and support zone. We're kinda still on the support zone though and expecting some bullish increase.

Not only is there a ranging pattern, but also most importantly, is the trendine formed. And as it is, we've come really close to the end of this trend line and all we need is just a breakout in the top or upper part of this trend line.

By the way, there's quite a chance of this happening which then translate to a bullish movement since we're already close to the end of the trend line and we're still at the support zone. Keep Your Hopes High.