Bitcoin Cash SV (BCHSVUSDT) is starting to move up with good momentum and volume. Let's look at some signals for our own learning and entertainment.
- The RSI is bullish after being oversold recently. - MACD strong bullish crossover. - Increasing green volume. - Great momentum. - Market turning green.
Expect high targets to be hit.
Details on the chart.
Namaste.
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Consolidation is reaching an end... Upcoming breakout soon.
Continuation of early analysis trend, or change?
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Fake breakdown (went below stop loss to quickly jump back). This is the reason why we use a manual stop loss. Because you can get kicked out of a GOOD trade due to "stop loss hunters".
4H time frame:
Daily time frame (notice the strong reversal signal):