Here are some observations I have on BCH with where we stand, potential next moves.
The price is slowing down looking at this pattern.
We can also see on the Macd that it hit a bottom resistance in volume.
We can also see that BCH is trading, respective to the continuation within this fib area, will be trading at or around a 45 degree trend, which is the standard for a growth pattern.
It is also standard and average to see the retrace fall within 40-60% before continuing its actual trend. Looking at the Fib we are now in that.
The price is slowing down looking at this pattern.
We can also see on the Macd that it hit a bottom resistance in volume.
We can also see that BCH is trading, respective to the continuation within this fib area, will be trading at or around a 45 degree trend, which is the standard for a growth pattern.
It is also standard and average to see the retrace fall within 40-60% before continuing its actual trend. Looking at the Fib we are now in that.