#BitcoinCash
The closure above resistance was pretty decent and we can still see the move to the main resistance.
Because of this, we will be monitoring price action on the retest of the broken resistance.
The setup is nice so if we get a bullish sign, it would be nice trade targeting $600 at least.
It is very important that BCHBTC reclaim broken support. If that happens, the move up on USD pair is very likely to happen.
The closure above resistance was pretty decent and we can still see the move to the main resistance.
Because of this, we will be monitoring price action on the retest of the broken resistance.
The setup is nice so if we get a bullish sign, it would be nice trade targeting $600 at least.
It is very important that BCHBTC reclaim broken support. If that happens, the move up on USD pair is very likely to happen.
#BitcoinCash
Bearish engulfing and weekly closure below resistance canceled bullishness on this pair.
It will be interesting to see how price performs this week but if we get rejected and closure below resistance again, we expect low $300 area to be tested.
Bearish engulfing and weekly closure below resistance canceled bullishness on this pair.
It will be interesting to see how price performs this week but if we get rejected and closure below resistance again, we expect low $300 area to be tested.