BCHBTC LONG TERM ANALYSYS
BCH trapped in a triangle since its inception, RSI shows its trying to get out of the triangle in a month or two. We have to keep in mind that BCH doesn't have any value, its price movement almost entirely depend on BTC. When it broke out of triangle in December 2018 a narrow channel started(showed in dark lines), a possible move can lead to test the wall of triangle around 543. it will definitely fail and drop to the bottom support
Week support : 405
Strong support : 334
These week and strong support levels will decide shape of the narrow channel. it will bounce from these support levels.
Refer my another short term analysis idea here
Join telegram channel : t.me/ATSsignalsfree
Week support : 405
Strong support : 334
These week and strong support levels will decide shape of the narrow channel. it will bounce from these support levels.
Refer my another short term analysis idea here
Join telegram channel : t.me/ATSsignalsfree
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