Pivot PointsJan 05, 2018 11:10AM GMT
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 1979.0 2136.9 2243.2 2401.1 2507.4 2665.3 2771.6
Fibonacci 2136.9 2237.8 2300.2 2401.1 2502.0 2564.4 2665.3
Camarilla 2276.8 2301.1 2325.3 2401.1 2373.7 2397.9 2422.2
Woodie's 1953.2 2124.0 2217.4 2388.2 2481.6 2652.4 2745.8
DeMark's - - 2190.1 2374.5 2454.2 - -
3days ago we suggest that the BCH is trying to cross the resistance line at $2400 which it has breached and it reverses briefly to $2295, before the rise to the current price where it is now at $2384 ,the market price is still below the 100SMA suggesting slight technical correction downward still in play however movement back to $2400 level where the pivot point is can take the pair back to its previous high of $2758( this year's high) and above that we have some choppy resistance between the $2900 to $3100 region.The market has been really slow since yesterday morning range bound between $2300 and $2440 ,looking for a break out.
It is good to take advantage of the price at $2250 or $2300 with a take profit at $2700 and stop loss at $2100.
Name S3 S2 S1 Pivot Points R1 R2 R3
Classic 1979.0 2136.9 2243.2 2401.1 2507.4 2665.3 2771.6
Fibonacci 2136.9 2237.8 2300.2 2401.1 2502.0 2564.4 2665.3
Camarilla 2276.8 2301.1 2325.3 2401.1 2373.7 2397.9 2422.2
Woodie's 1953.2 2124.0 2217.4 2388.2 2481.6 2652.4 2745.8
DeMark's - - 2190.1 2374.5 2454.2 - -
3days ago we suggest that the BCH is trying to cross the resistance line at $2400 which it has breached and it reverses briefly to $2295, before the rise to the current price where it is now at $2384 ,the market price is still below the 100SMA suggesting slight technical correction downward still in play however movement back to $2400 level where the pivot point is can take the pair back to its previous high of $2758( this year's high) and above that we have some choppy resistance between the $2900 to $3100 region.The market has been really slow since yesterday morning range bound between $2300 and $2440 ,looking for a break out.
It is good to take advantage of the price at $2250 or $2300 with a take profit at $2700 and stop loss at $2100.