Bitcoin Cash Found Support (Early Signals)

16 במאי 2020

Has Bitcoin Cash (BCHBTC) found support?

Right now we have a very steep descending channel in which BCHBTC remains... But this can easily change.

A strong bullish divergence can be spotted with the MACD, signaling that this trend is potentially coming to an end.

Trading volume is really low and BCHBTC recently hit a new low.

On top of the divergence with the MACD, there is also short-term bullish divergence with the RSI.

This setup is good to trade with a tight stop-loss at the last low... Very simple, low risk and high potential rewards.

This is not financial advice.

Namaste.