The actual trend channel (red) has been tested on the upside several times.
Will it cross upwards or fall back into the trend channel?
We´ll see it happen in the next hours, perhaps one day.
BCH price is exactly on the support / resistance (swing trend line); next is already outside the channel (fib retracement at 1.357$).
RSI shows strength, above 50, while MACD is neutral.
EMA 20 (4h-candles) is below the price and not far away (no correction necessary)
Volume is low; perhaps a lag of momentum?
buy: above fib retracement at 1.357$ with 1. aim at 1.616$ (swing trend line)
stop: under actual support and / or below EMA 20; will cause staying within the negative trend
Will it cross upwards or fall back into the trend channel?
We´ll see it happen in the next hours, perhaps one day.
BCH price is exactly on the support / resistance (swing trend line); next is already outside the channel (fib retracement at 1.357$).
RSI shows strength, above 50, while MACD is neutral.
EMA 20 (4h-candles) is below the price and not far away (no correction necessary)
Volume is low; perhaps a lag of momentum?
buy: above fib retracement at 1.357$ with 1. aim at 1.616$ (swing trend line)
stop: under actual support and / or below EMA 20; will cause staying within the negative trend