BCH has been teasing both EMAs for some time now and we see a nice downward movement to happen sooner (after securing that 200EMA)
After that confimational breakdown, we will most likely see a lower support zone being reached there!
Swallow Team
After that confimational breakdown, we will most likely see a lower support zone being reached there!
Swallow Team
Comment:
BCH is still showing us some strength while staying slightly below 100 EMA. We are looking for full-scale breakout to happen here, which would result in a nice corrective movement (and a potential good entry for short position in the upper zones)
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With that being said, we are looking for a potential upward movement here, but overall, we still want to see a nice breakdown of 200EMA.