RE: BCHUSD - Technical Analysis November 12, 2017 - Current Price $1700

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BCHUSD - Technical Analysis November 12, 2017 - Current Price $1700

in crypto •  7 years ago 

Quick example, ETHBTC short entry -- gap resistance, could produce a top. Price needs to remain above 200dma, red to stay bullish, also mus break above gap resistance. Note slight uptrend on RSI, note is has tested the trend quite a few times, expect it to test again. If no position wait for price to fall below 200dma, this will pull the stochastic RI into downtrend - my view of course.

Screenshot 2017-11-12 11.46.44.png

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I see a possible ascending triangle with the rsi also confirming the upward trend. All I would need to commit is a higher than average close above that trend line you have drawn