BCH (Prj.2019.P01.E01).BCH looking good

2019年8月14日

Observations:
On the weekly chart, BCH has been performing well and has reached the main resistance.
If the candle stick open and closes above this resistance, then the trend is confirmed bullish. 21 EMA acting support.

On the daily chart, BCH has moved up while BTC has dropped. If BTC was to drop further, it will be unlikely BCH will continue in the upside.

On the 4 hourly chart, it has also reached the main resistance with RSI and stochastic RSI indicating its extended *above 70% and 80% with these indicators

Conclusion:
We need a min. of an open and close 4 hrly candle above this main resistance. Preferably on the daily candle to give the green light to enter (long)

4 HRLY Chart


Weekly Chart: 21 EMA acting support.

2019年8月14日

註釋

For now, a big rejection...expected as BTC drops