Soon we will know if its worth the cost of keeping BCH/ USD240
Hello traders, BCH / USDT is in a bearish movement with strong selling volumes being made.
For the moment we can see the appearance of a descending bevel but we rather retain the last support zone for a rebound in order to come and test the resistance zone again.
In this session we have a bearish signal on the shortest MA crossings, the high probability of a pull back cannot be ruled out in this situation.
I see rather a return on the largest MA (White) confirmation of a return of volume on the last weak support then resistance to then move towards the breakout zone.
These are not investment advice but usage recommendations.
Make it your thinking.
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I hope you liked it.
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For the moment we can see the appearance of a descending bevel but we rather retain the last support zone for a rebound in order to come and test the resistance zone again.
In this session we have a bearish signal on the shortest MA crossings, the high probability of a pull back cannot be ruled out in this situation.
I see rather a return on the largest MA (White) confirmation of a return of volume on the last weak support then resistance to then move towards the breakout zone.
These are not investment advice but usage recommendations.
Make it your thinking.
Thank you for taking the time to read my analysis.
I hope you liked it.
Comment your reactions in the space dedicated in description.
Please LIKE & FOLLOW, thank you!