BCHUSD head&shoulders or double bottom?

BITFINEX:BCHUSD   Bitcoin Cash / Dollar
451 3
Looks like we're forming a head and shoulders pattern thanks to a huge buying volume .
Unfortunately that volume was only short term, so I wouldn't count on it to support the trend.
If the price stays above 1225 for the next 3-4 hours we might see the inverse H&S pattern, else I expect a partial sell-off (of the spiked volume ) and the price will probably drop to current support level at 1000.
If we do get to the inverse H&S pattern, but fail to support the dip of the second shoulder at around 1000-1050, I suspect we'll retest the 800 levels.
Judging from the lack of volume , I expect the price to drop to around 1000

RSI has been overbought
MACD is about to cross the signal line (no worries as long as they're above the center/base line)
Expecting SMMA50 to cross the trend somewhere between 1050 and 1100

SMMA 50 crossing under the candles, might indicate we're about to go down some more
Gwilasean Gwilasean
Nevermind this
DE Deutsch
EN English
EN English (UK)
EN English (IN)
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Startseite Aktien-Screener Devisen-Screener Krypto-Screener Wirtschaftskalender So funktioniert es! Chartmerkmale Hausregeln Moderatoren Webseite & Brokerlösungen Widgets Stock Charting Bibliothek Feature-Anfrage Blog & Nachrichten FAQ - Häufige Fragen & Antworten Hilfe & Wiki Twitter
Profil Profileinstellungen Konto und Abrechnung Meine Support Tickets Support kontaktieren Veröffentlichte Ideen Followers Ich folge Private Nachrichten Chat Abmelden