BCHUSDT - Pull back to broken lines
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The ascent was powerful but now Pivot formed on the roof of channel.
The evidence shows that we are in a channel and now we are moving in a downward direction to test the midline.
Signal line of CSRS turned to red that is a bearish sign.
In 15min resolution, a negative divergence forms at the channel roof, which is another confirmation.
I think pullback to the broken line is the ultimate goal, not the midfield.
In the mentioned range we also have fibo 61% and of course dynamic supports of fiboMA.
*During the time I was thinking and writing the price dropped as 2$ :|
The evidence shows that we are in a channel and now we are moving in a downward direction to test the midline.
Signal line of CSRS turned to red that is a bearish sign.
In 15min resolution, a negative divergence forms at the channel roof, which is another confirmation.
I think pullback to the broken line is the ultimate goal, not the midfield.
In the mentioned range we also have fibo 61% and of course dynamic supports of fiboMA.
*During the time I was thinking and writing the price dropped as 2$ :|
Trade ist aktiv
I think we will have another downward movementTrade geschlossen: Ziel wurde erreicht
After hitting our target, it goes upTrade ist aktiv
Its crossed over from resistance price entered to a new uptrend
Trade wurde manuell geschlossen
Volume decreased and a divergence detected in lower frames.I think we will see another pullback to latest resistance which broken.
Anmerkung
I will continue the analysis in another new idea..so this will not update anymoregood luck
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