BCH/BTC has hit a fib target from its last big rally. Multiple time frames including daily are very over bought. Expecting a retrace and then a decision on whether to push further or retrace to a lower support.
Current trend line is very parabolic and with enough sell pressure I do not expect it to be a form of support. Previous top is looking like a nice point of support, so a 10% trade on this retrace move. Stop loss would would be at break even entry or .17 on a breakout.
Current trend line is very parabolic and with enough sell pressure I do not expect it to be a form of support. Previous top is looking like a nice point of support, so a 10% trade on this retrace move. Stop loss would would be at break even entry or .17 on a breakout.