Bitcoin Cash Found Support (Early Signals)
Has Bitcoin Cash (BCHBTC) found support?
Right now we have a very steep descending channel in which BCHBTC remains... But this can easily change.
A strong bullish divergence can be spotted with the MACD, signaling that this trend is potentially coming to an end.
Trading volume is really low and BCHBTC recently hit a new low.
On top of the divergence with the MACD, there is also short-term bullish divergence with the RSI.
This setup is good to trade with a tight stop-loss at the last low... Very simple, low risk and high potential rewards.
This is not financial advice.
Namaste.
Right now we have a very steep descending channel in which BCHBTC remains... But this can easily change.
A strong bullish divergence can be spotted with the MACD, signaling that this trend is potentially coming to an end.
Trading volume is really low and BCHBTC recently hit a new low.
On top of the divergence with the MACD, there is also short-term bullish divergence with the RSI.
This setup is good to trade with a tight stop-loss at the last low... Very simple, low risk and high potential rewards.
This is not financial advice.
Namaste.
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lamatrades.com (Since 2017)
🏆 Results: t.me/alansantana1111/5935
🥇XRP +1950 🥇ADA +2216% 🥇AVA +536% 🥇AAVE +417%
t.me/alansantanatrades/971
🔝 Cryptocurrency Technical Analysis
followalan.com
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