BCHUSDT - Pull back to broken lines
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 movement
Trade geschlossen: Ziel wurde erreicht:
After hitting our target, it goes up
Trade ist aktiv:
Its crossed over from resistance
price entered to a new uptrend
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.
I think we will see another pullback to latest resistance which broken.
good luck