Algorca

BCHUSDT - Pull back to broken lines

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Algorca 已更新   
HTX:BCHUSDT   Bitcoin Cash Node / Tether USD
The ascent was powerful but now Pivot formed on the roof of channel.
The evidence shows that we are in a channel and now we are moving in a downward direction to test the midline.
Signal line of CSRS turned to red that is a bearish sign.
In 15min resolution, a negative divergence forms at the channel roof, which is another confirmation.
I think pullback to the broken line is the ultimate goal, not the midfield.
In the mentioned range we also have fibo 61% and of course dynamic supports of fiboMA.

*During the time I was thinking and writing the price dropped as 2$ :|
交易進行:
I think we will have another downward movement
交易結束:目標達成:
After hitting our target, it goes up
交易進行:
Its crossed over from resistance
price entered to a new uptrend
手動結束交易:
Volume decreased and a divergence detected in lower frames.
I think we will see another pullback to latest resistance which broken.
評論:
I will continue the analysis in another new idea..so this will not update anymore
good luck
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