BCH bearish divergence and failed to close above cloud

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

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Same with the BCHUSD pair
Bull strength is weakening

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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

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I forgot to put the chart in the first comment where i talk about BCHUSD pair
Here it is

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Shorted BCH here at 0.174 with a tight stop loss
Let's see what happens

kishan889

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.

kishan889