BCHUSD Bitfinex Possible Bearish Cypher

BITFINEX:BCHUSD   Bitcoin Cash / Dollar
keep your eyes on this one ladies and gentlemen.

price hovering in the bounce zone for the last leg of the BEARISH CYPHER pattern entry will be SHORT and thick red ray.

Looking at BULLISH DIVERGENCE on the RSI of the 1HR through to 4HR charts. I am LONG on this divergence and looking to see if CYPHER completes before attempting the trade!

Will update with targets if CYPHER completes

happy trading

good luck

the trading tradie
Not bad. Reload zone for sure. I think we may see more down to about 640-680 if you look at 4D and 1 Week charts.
@KFedTrading, looking at horizontal support?
KFedTrading tradingtradefortading
@tradingtradefortading, Yes exactly. I think we may get some upward movements and maybe even sideways but we may still see more down. Hopefully not but only time will tell now. All in all we are still locked in the downtrend.
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