Although the BCHSV chart at Binance does not yet have enough data to feed the weekly indicators, on the daily chart there is a chart pattern, falling wedge, that has been repeating since mid-December. Since then, the wedge has been losing its tilt, along with the volume of negotiations, which puts prices below EMA 20, 25, 30, 35, 40, 45, 50 and 55.
Considering the repetition of the pattern, the last wedge in formation is also expected to break upward, reaching a target of the height of its base, about 0.02230. The MACD in the daily is showing that the sellers are losing strength, and the stochastic indicates that the asset is oversold.
Considering the repetition of the pattern, the last wedge in formation is also expected to break upward, reaching a target of the height of its base, about 0.02230. The MACD in the daily is showing that the sellers are losing strength, and the stochastic indicates that the asset is oversold.