lbustos1

BCH Pump, ready to meet resistance???

KRAKEN:BCHUSD   Bitcoin Cash
BCH had a nice pump this morning 1/30/2019, another surge is likely to follow. Keep an eye on the white diagonal resistance for a break or an opportunity to short. The red horizontal lines are resistance for key areas to pullback. A decisive push above these levels will confirm a reversal wave to long (unlikely).

Indicators to short:
1.) When the SMII begins to show bearish downward trend and cross above 0
2.) Bearish RSI Divergence

Happy Trading :0)

This information is not advice to sell or buy, only perspective on TA.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.