BCH - short
In the analysis from April, I provided hints for BCH with that pullback followed by the red labels. You can find that particular analysis, BCH LONG, at the following link:
At $200-220, BCH will encounter a very important level. I'm betting that this impressive rally in recent days has revolved around BCHBULL. The rally will come to an end as soon as BTC starts distributing at this $32,000 level.
The last candle for BCH created an imbalance. The target I see is the range of $128-132.
That's where this short position will be closed, and we will return to the first analysis mentioned in April.
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.