The 1D chart shows a bullish setup, having crossed the middle of Bollinger Bands, with bullish MACD crossing and RSI pointing upwards. Volume is not great but not bad compared to the past few months. The 4H chart has hit overbought, but that suggests for enough momentum to still go up a bit before facing some resistance possibly at 1220 (0.5 fib level) or 1290 (previous resistance level). We would need another good green candle in the top BB in 1D chart to confirm.
Yorum:
So the setup was nice but BTC is still the king in the arena, and fell down... so everybody followed. We're back at the 0.786 fib level for BCH, waiting for things to settle a bit on BTC side.