DanielSpeiss

BCH Almost in a strong rebuy, trend reversal soon.

Long
COINBASE:BCHUSD   Bitcoin Cash
Here are some observations I have on BCH with where we stand, potential next moves.


In the fib I put down, you can see that the retracing patterns almost align perfectly as the price falls @ .75, .618, .5, and now .382, at least 3 verified.

The price is slowing down looking at this pattern.

We can also see on the Macd that it hit a bottom resistance in volume.

We can also see that BCH is trading, respective to the continuation within this fib area, will be trading at or around a 45 degree trend, which is the standard for a growth pattern.

It is also standard and average to see the retrace fall within 40-60% before continuing its actual trend. Looking at the Fib we are now in that.

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