Hey all, here's a fresh new update on BCH for yall. An interesting parallel formation as the resistance and support trends showed a light uptrend that the bears could not break. Everyone was looking at a wall of support for BTC at 8000 which was supported, which helped BCH keep this trend. BCH with a lagging bounce after ETH and BTC, but one is now under way.
We can see the old resistance of 1220 for BCH is now the new support and goes to show you, this is a tried and true basic principle of Technical Analysis.
Now BCH has a new support of 1220 and the exponential supports on the 12 and 26 period. Now we are waiting for the same EMA supports on the 4 hours as well.
This is will be a more sold bull trend with the higher low and higher high formation on the longer time frames.
ShiverMeTimberz here, firing one off your bow. It be your coin I be after, ARRR!
Tell me what ya'll think. Like, subscribe, comment. This is for education purposes only.
We can see the old resistance of 1220 for BCH is now the new support and goes to show you, this is a tried and true basic principle of Technical Analysis.
Now BCH has a new support of 1220 and the exponential supports on the 12 and 26 period. Now we are waiting for the same EMA supports on the 4 hours as well.
This is will be a more sold bull trend with the higher low and higher high formation on the longer time frames.
ShiverMeTimberz here, firing one off your bow. It be your coin I be after, ARRR!
Tell me what ya'll think. Like, subscribe, comment. This is for education purposes only.