BCH (bitcoin Cash) Bear territory or time to (clouded) Moon?
It's been a while since BCH USD has been a bullish runner , the big downtrend started in May, from a peak of 1841 $ to a possible down Bottom of 469$ (while i'm writing 625 $)
now it's time to move again, a move up on 1st sept could be followed by high volume in the next days and volatility is known to be high on this coin, this make it a possible Big Mover.. the question is would be BEAR or BULLS?? who will take the push?
The trend is showing a descending triangle top tap , that could be followed by a sell off and next move down to the 300 $ area, or the high volume pressure could push the price higher to a false breakout if indicators shows signs of overbought or to a price recovery to the 890 usd area if volume stay high.
Questions remain ..please comment your ideas on the topic and suggestions
Happy trading days
C-Monkey
now it's time to move again, a move up on 1st sept could be followed by high volume in the next days and volatility is known to be high on this coin, this make it a possible Big Mover.. the question is would be BEAR or BULLS?? who will take the push?
The trend is showing a descending triangle top tap , that could be followed by a sell off and next move down to the 300 $ area, or the high volume pressure could push the price higher to a false breakout if indicators shows signs of overbought or to a price recovery to the 890 usd area if volume stay high.
Questions remain ..please comment your ideas on the topic and suggestions
Happy trading days
C-Monkey