Emel67

BCHBTC short

Short
Emel67 Updated   
BITMEX:BCHZ18   None
A textbook rising wedge on the BCHBTC bitmex chart, with increasing price but declining volume, MACD histogram flatlining, CMF on the negative indicatingbearish momentum and EMA ribbon and VPVR resistance to the upside. No rational reason to long, but BCH is not rational these days so just DYOR first ;)
Comment:
The trade played out nicely, taking profits now.

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