Hello and welcome to my BCH update. Today we are using the 4 hourly chart, With the Linear Regression projection.
As you can see the end of the LinReg is around 11th - 16th December with a price target of $594-$662 which funny enough is in between 361.80-423.6% Fibonacci
Where we are today: If we switch to the daily time frame, we can see that the price has been above the Linear Regression which is in a downward direction. This is a fabulous indication that the direction has switch from bearish to bullish. Expect a short term drop to 61.8 or 50% Fibonacci.
As you can see the end of the LinReg is around 11th - 16th December with a price target of $594-$662 which funny enough is in between 361.80-423.6% Fibonacci
Where we are today: If we switch to the daily time frame, we can see that the price has been above the Linear Regression which is in a downward direction. This is a fabulous indication that the direction has switch from bearish to bullish. Expect a short term drop to 61.8 or 50% Fibonacci.
Trade attivo
I removed a sell order @ $310 as we will move higher and test the 200 daily moving average
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.