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BCH - An Oversold Analysis

BIAS DISCLAIMER: I do not hold nor do I have plans to trade it. This has not played into my opinion of the current state of

Looking mainly at the 20 day SMA and the volatility of price action things have somewhat been turned upside down. We see a huge spike in volume due to the so called bull revival, which has triggered an unsustainable wave of hot hand buying. RSI has managed to get above 80 and is still holding there.... for now.

Unless there is a confirmation on retest of the 1400-1500 supports, there will be a tumble downwards. On the way down it will likely be met with supports on a bullish projected 20 day SMA (red green cone)

For now this TA only is valid if the leader continues it's current reversal. If the bears win out and there is downtrend of we will see collapse towards an all time low of < 600

Good luck trading.

註釋

This still looks like it is coming back to the mean. Keep a sharp eye out for short term rises.

交易結束：目標達成

This followed the mean projection almost exactly