BCHSV/BTC Outlook

in 4 hour chart, Ascending triangle pattern sighted very clearly..
but it tell something different by looking with indicators
see a potential support or resistance through fib retracement line.

DMI : DMX is still rising mean momentum strength is still strong for bull for mean while.. DMI+ is decreasing but still maintain above DMI- which is bullish momentum still dominate

MACD : Macd line is decreasing, see a orange line for divergence with price action. also the buyer volume is not following a price action as it's lower higher than previous high..

RSI : though it still moving upward entering overbought area, it still lower than previous high,

the divergence is invalidated once the indicator line move above the orange horizontal line i mark in each indicator.. also invalidated ascending triangle as a whole if the price action do broke down the below triangle's trendline or prolonged sideway.

Volume MA also show a divergence as it is decreasing from previous high.

please take this idea as a grain of salt as reality always differ from what i expect as this post merely just an opinion.
and please feel free to share what your thought on comment section.
peace.

注释

recently testing it's last high and if it manage to get above that level.. 0.031 satoshi is the next resistance and 0.30 will be a short term support..

注释

potential inverse adam and eve's pattern. invalid if the top price is breached and created a significant new high.