For the moment I expect BCH to continue its fall.
You can see it ina big descending triangle.
A breakout above the upper line would change the negative trend immediately - but is not very probable.
Crossing the lower line I recommend to sell the positions if not yet done.
Next decision bubble is marked yellow.
There we find a crossing point of the angles of the triangle + long ascending trendline (red-brown)
MACD and RSI both are to be analysed negative. Perhaps at the time of the decision bubble they´re on minimum and about to turn?
If I´m correct then BCH could break out and go up at that time (around november 18).
First resistance at fibb level 61.8% (1.240$). Second resistance at fibb level 38.2% (1.831$)
first support at fibb level 78.6% (820$) ane second support at fibb level 0% (285$) Inbetween there is a support line at 628$!
You can see it ina big descending triangle.
A breakout above the upper line would change the negative trend immediately - but is not very probable.
Crossing the lower line I recommend to sell the positions if not yet done.
Next decision bubble is marked yellow.
There we find a crossing point of the angles of the triangle + long ascending trendline (red-brown)
MACD and RSI both are to be analysed negative. Perhaps at the time of the decision bubble they´re on minimum and about to turn?
If I´m correct then BCH could break out and go up at that time (around november 18).
First resistance at fibb level 61.8% (1.240$). Second resistance at fibb level 38.2% (1.831$)
first support at fibb level 78.6% (820$) ane second support at fibb level 0% (285$) Inbetween there is a support line at 628$!