Bitcoin Cash | Not Ready, Not yet; Potential For Lower

21 בנוב׳ 2022

Yesterday Bitcoin Cash (BCHUSDT) tried and failed to move above EMA10 and EMA21.

We see this rejection coupled with high bear volume.

Today we are seeing prices growing below EMA10; bearish growth.

This is bad news as EMA10 is our main indicator to gauge the short-term potential of any cryptocurrency trading pair.

We can also see EMA50 or $110 as a strong barrier, this is the level to break for positive CHANGE.

Any trading below $104 and we can expect lower prices...

Targets: $95 is possible but even $80 is on the cards and lower...
Let's wait for the bottom!

After we hit bottom, we definitely will have long-term growth... That's the meaning of bottom, it can't go lower and this will be set in the next few weeks, maximum a few months.
See the related trade ideas for more.

Remember, I am always grateful for your continued support.

Namaste.