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KennySniper

Bitcoin Cash [BCC] looking to continue to the short side

Short
Bitcoin Cash / Tether USD (POLONIEX:BCHUSDT)  
KennySniper  
POLONIEX:BCHUSDT   Bitcoin Cash / Tether USD
Chart Patterns Trend Analysis Wave Analysis BCCUSDT BCC bitcoincash short movingaveragecrossover bitcoincashshort bitcoincashforecast
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chartpattern trendanalysis waveanalysis bccusdt bcc bitcoincash short movingaveragecrossover bitcoincashshort bitcoincashforecast
BCC Still Continues To Seem Bearish.


  • 1) Moving Averages are about to cross Bullish and price action is underneath the MA trend lines.

    2) Formed a Head & Shoulders pattern and the pattern confirmed. Expected Target for this is $684.

    3) A long term trend line was drawn from the start of Nov 2017 until today. This trend line lies right above the Short Target from the H&S. Price could bounce off of this (approximately $789) as support or either bounce from the H&S target. I listed the difference from Target 1 and Target 2 which is about a 12.5% difference in price.

    4) We are currently forming a downward channel if zoomed in to our current price region.

    What do you think?

    Add me on Twitter and let me know! @KennyDegu
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