Bitcoin Cash (BCH) Early Reversal Signals

Incredibly enough, Bitcoin Cash (BCHBTC) has been dropping since February 2020.

Many altcoins printed multiple bullish moves this year but not this altcoin pair.

Prices are hitting new lows but there are early signals of a potential reversal... Strong bullish divergence showing up with the MACD and also RSI.

On the main chart above, we are looking at the 4H timeframe.

We've been having long lower wicks followed by higher lows... Prices can easily move higher as represented by the green arrow.

If BCHBTC fails to move above EMA10 but instead goes below the red dashed line at 0.014579, even lower prices are possible.

Currently, there is a potential for a bounce at the current levels.

Thanks a lot for reading.

Namaste.

評論:

Target hit perfect on this one.