BCH 1 hr: Best Clarity

6 במאי 2019

The 1-hour chart gives me the best clarity for BCH. You can see we have a solid resistance range over 289 (blue box) and good dip buying potential below. Those V bottom drops are a good indication that bulls are accumulating on the dips. We have the 50MA, 12EMA, 26EMA all squeezing together. I believe we get one more dip buy opportunity in the near future but BCH is looking quite bullish to me overall. That does not mean much though so stay focused and trade the ranges.