✴️ Bitcoin Cash After The Crash | 100% Bullish

The previous chart broke down completely, I left the same drawings untouched. We can see a rejection right on the day I published and now we see a candle holding at fib. support.

Yesterday's wick low stopped at EMA300/200 with very low volume, today's volume is higher... It is still early for sure.

For the bigger picture, we need to wait for the weekly close.
What we have now is a very strong higher low (17-August vs 10-June) and thus the chart/pair continues 100% bullish.

The low volume on the drop is quite telling.
Compare the high volume as prices move up late June with the current volume as the correction takes place.

The market drop because of the Bitcoin move but the bears have no strength.

The RSI being oversold is a major signal as this produces a bullish divergence. The divergence shows up before change takes place.

Even lower support levels can be tested but the bigger picture is up.
Higher highs and higher lows, long-term.

Namaste.

評論:

Perfect. Support confirmed.

The Altcoins market will now experience a full blown bullish wave, just as we expected.