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BCH Scale in Shorts
BCH has hit the 2618 extension from the 600-878 distance. More over the current price of $1300 suggests a 100% increase from the lows possibly triggering profit taking and some slight correction back to $1030-$1,100
While an impulse straight to $1440 is not out of the picture as long as it remains trading above $1200, longs must be careful for any volatility as this is extension after extension and parabolic moves usually end up in vicious deep corrections.
Careful as well with bearish divergences seen in the daily RSI.
While an impulse straight to $1440 is not out of the picture as long as it remains trading above $1200, longs must be careful for any volatility as this is extension after extension and parabolic moves usually end up in vicious deep corrections.
Careful as well with bearish divergences seen in the daily RSI.
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