History repeats itself? #BCH
Updated
Hello all this is my first public TA and I'd just like to see what you guys think. Please leave your thoughts and comments on my analysis below.
We can see that there is a strong support line and a strong resistance aswell creating a falling wedge. If it breaks resistance we could see a shoot in price if it breaks support then we go short.
As we've seen in the past the same sort of falling wedge was formed but it managed to break resistance and shoot up and start a new falling wedge which we are in now.
What do you guys think?
We can see that there is a strong support line and a strong resistance aswell creating a falling wedge. If it breaks resistance we could see a shoot in price if it breaks support then we go short.
As we've seen in the past the same sort of falling wedge was formed but it managed to break resistance and shoot up and start a new falling wedge which we are in now.
What do you guys think?
Note
Roger Ver announced that there would be a Bitcoin Cash credit card coming soon, so buy the rumours and sell the news type of thing going on here.It also seems like it did break resistance so to all you HODLERS: HODL ON
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