We have a lower high and lower low now on the daily chart, with key weekly support $6,200.
If the bulls can change the 4 hour trend we will be looking for a daily equilibrium to form.
Break $6,200 and we are looking back towards $6,000 with the weekly chart shifting back towards bears.
Bulls have been unable to close a 4 hour candle over EMA26 resistance since the top in the $6,500s.
Bears are comfortable as long as the 4 hour current trend holds, bulls have little to be excited about without a break of $6,383.
At least traders have a BCH soap opera full of drama for some entertainment while we wait for a high volume weekly break.
If the bulls can change the 4 hour trend we will be looking for a daily equilibrium to form.
Break $6,200 and we are looking back towards $6,000 with the weekly chart shifting back towards bears.
Bulls have been unable to close a 4 hour candle over EMA26 resistance since the top in the $6,500s.
Bears are comfortable as long as the 4 hour current trend holds, bulls have little to be excited about without a break of $6,383.
At least traders have a BCH soap opera full of drama for some entertainment while we wait for a high volume weekly break.
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Improve your TA with our free ebooks chartguys.ac-page.com/lp-all-ebooks?utm_source=tradingview&utm_medium=social