BCHUSD. Bearish domination. Sell.
Yesterday BCHUSD closed above $ 2800 and this foreshadowed a new wave of growth.
Even despite the indicator "Crossing moving averages", which has been showing sale for several days.
However, today's return of indicators "to the original positions" looks like a bad sign for the buyers ...
Very often, the fall begins: with a false breakthrough of the established range upwards.
In addition, the slow moving average on the daily chart has turned down.
If today, the day will close at $ 2400 or even less, we recommend selling BCHUSD, closing long positions
Closure of two consecutive days above $ 2800 will cancel this idea.
Even despite the indicator "Crossing moving averages", which has been showing sale for several days.
However, today's return of indicators "to the original positions" looks like a bad sign for the buyers ...
Very often, the fall begins: with a false breakthrough of the established range upwards.
In addition, the slow moving average on the daily chart has turned down.
If today, the day will close at $ 2400 or even less, we recommend selling BCHUSD, closing long positions
Closure of two consecutive days above $ 2800 will cancel this idea.
Related publications
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.