BCH appears to be gaining strength, and a breakout from the wedge pattern might be imminent. 🚀 If you're looking for a short-term opportunity, consider a scalp trade here
$BCH! After filling the fair value gap 226$ regained its previous monthly low resistance, which is a notable move.
This could potentially indicate a shift in sentiment and strength.
1.
BCH seems to be forming a falling wedge pattern. Falling wedges are often considered bullish reversal patterns, suggesting that despite the name, they can lead to upward price movements.
2.📊 Detected RSI divergence on the 4-hour (4TF) chart for $BCH! 🚀 This divergence could indicate a significant shift in momentum and potential price movement.
3. 📊 Notable increase in trading volume for $BCH! 🚀 Strong volume often accompanies significant price movements, indicating increased market participation and potential momentum.
Stay mindful of your entry and exit points, set stop-loss orders, and allocate only what you can afford to risk. 📊💼 #RiskManagement #LongPosition #SmartTrading #PreservingCapital
$BCH! After filling the fair value gap 226$ regained its previous monthly low resistance, which is a notable move.
This could potentially indicate a shift in sentiment and strength.
1.
BCH seems to be forming a falling wedge pattern. Falling wedges are often considered bullish reversal patterns, suggesting that despite the name, they can lead to upward price movements.2.📊 Detected RSI divergence on the 4-hour (4TF) chart for $BCH! 🚀 This divergence could indicate a significant shift in momentum and potential price movement.
3. 📊 Notable increase in trading volume for $BCH! 🚀 Strong volume often accompanies significant price movements, indicating increased market participation and potential momentum.
Stay mindful of your entry and exit points, set stop-loss orders, and allocate only what you can afford to risk. 📊💼 #RiskManagement #LongPosition #SmartTrading #PreservingCapital
By the Blood
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