BCH/USD(Bitstamp)
As mentioned in the previous article last week, Bitcoincash has been under correction(dropping) and it dropped further 20%+ since last week.
Bullish Case:
After surging 200%+ in the mid of December, It has dropped 50% at the time of writing.Though such drop is usual after such price surge but it need to holds $123-$109 price level to continue...
Midterm forecast:
While the price is above the support 190.10, resumption of uptrend is expected.
We make sure when the resistance at 637.00 breaks.
If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the...
Midterm forecast:
While the price is above the support 190.10, resumption of uptrend is expected.
We make sure when the resistance at 637.00 breaks.
If the support at 190.10 is broken, the short-term forecast -resumption of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 460.75 on 2018-08-14 and the...
New trading suggestion:
*The price is in a range bound and we forecast the uptrend would resume.
*There is still a possibility of temporary retracement to suggested support line (832.10). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
There is no trend in the market and the price is in a range...
New trading suggestion:
*The price is in an up trend and we forecast the uptrend would continue.
* But there is still possibility of temporary retracement to suggested support line (1292.20), if so, traders can set orders based on Price Action and expect to reach short-term targets.
Midterm forecast:
While the level 1292.20 is not broken, the Midterm wave...
