Short
Mis à jour

BCH bearish divergence and failed to close above cloud

308
On daily time frame yesterday candle didn't close above the cloud proving a failed rally
We also have a lower volume and a Regular bear divergence suggesting us to short
Note
Same with the BCHUSD pair
Bull strength is weakening
Note
While looking at the past rallies of BCHUSD pair
we see that bch showed the same behavior, low volume - higher price - momentum decreasing
This is a recipe of a bearish trend
Note
snapshot
Note
I forgot to put the chart in the first comment where i talk about BCHUSD pair
Here it is
snapshot
Note
Shorted BCH here at 0.174 with a tight stop loss
Let's see what happens

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.