BCH has fallen within the negative trend channel (adjusted) and broke through resistances without any loss of dynamic.
The last one has been the fib retracement at 100% (last minimum valley). But it has stopped at leas at a swing trend line (1.056$) and tested it twice.
If it breaks through to the bottom next resistance will be at 890$ and furtheron at 630$.
On the other hand a new buy signal will be triggered if BCH rises above the last peak at about 1.260$ (also swing trend line - and fib retracement).
Indicators as RSI are weak but not oversold. Comparing with the past values at or below 30 have been buy opportunities (at least short term).
MACD is in negative terran but neutral to trigger line (orange). In combination with RSI MACD shows if a new trend is given and if it is positive or negative.
Volume is low - no big trades at the moment.
Price is below EMA - what is not surprising. In this case I do not care about it.
stop: below mentioned swing trend line (1.056$)
buy: above resistance (three lines: swing trend line / fib retracement / last peak)
The last one has been the fib retracement at 100% (last minimum valley). But it has stopped at leas at a swing trend line (1.056$) and tested it twice.
If it breaks through to the bottom next resistance will be at 890$ and furtheron at 630$.
On the other hand a new buy signal will be triggered if BCH rises above the last peak at about 1.260$ (also swing trend line - and fib retracement).
Indicators as RSI are weak but not oversold. Comparing with the past values at or below 30 have been buy opportunities (at least short term).
MACD is in negative terran but neutral to trigger line (orange). In combination with RSI MACD shows if a new trend is given and if it is positive or negative.
Volume is low - no big trades at the moment.
Price is below EMA - what is not surprising. In this case I do not care about it.
stop: below mentioned swing trend line (1.056$)
buy: above resistance (three lines: swing trend line / fib retracement / last peak)