Bitcoin Cash(BCH): Pump & Dump Scenario??

Bitcoin Cash has had a nice push recently, which exploded the Bollinger Bands indicator, yet it had a smaller correction as well.

Historically, once we had this kind of movement on Alts, Bollinger Bands had been expanded so heavily that it somewhat cooled the price down step by step, so that's what we are looking for here!

Swallow Team

Kommentar:

BCH is not moving much (as usually), but we are still looking for the weakness to kick in sooner or later.

The sideways movement is somehow stabilising the Bollinger Bands indicator, but yet it is not enough. Either way, we will see a long, steady movement here, or we will see a sharp movement to the lower zones, and then a day or two there.

Kommentar:

Bitcoin Cash is looking to break out of its zone of support, which would mean further movement to the lower zone. Eyes open for this zone!

Swallow Team