Bitcoin Cash First Attempt Failed, Whats Next?

in #bitcoincash • 6 years ago

Bitcoin Cash Has Been One Of The Stronger Names of Late & Has Given Us Reasons To believe We Could See A Break Above Resistance, But Now BCH Has Failed its Attempt At Breaking The Upside Resistance, Are We Still In With A Shot Of Maintaining This Reversal?

I think We Are, The Red Line Shows Where BCH Broke Down On The Short Term Uptrend, However We Are Still Looking For A Higher Low To Form After This Drop, The Green Line Shows Our Path To Having Another Attempt At The Resistance.

However A Break Below The Green Line Could Just Have BCH Ranging In Neutral Territory As Shown.

A Drop Below 1040 Will Have Me Bearish In The Short Term But For Now If Bch Can Hold This Level I Will Be Looking For A Higher Low Then A Retest at Resistance.

Im Neutral For Now

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This Is Not Financial Advice

#bch #price #cryptocurrency #technicalanalysis
6 years ago in #bitcoincash by
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