There is a short -
term bearish trend line forming with current resistance at $ 328 on the hourly chart of BCH / USD (data feed from Kraken).
Yesterday's highlighted short -
term bearish trend line with resistance at $ 325 was broken on the hourly chart of BCH / USD (data feed from Kraken).
Not exact matches
So, there are still two possible future scenarios -
bearish that will lead us below February low following
trend line breakdown, and the bullish one in a form of medium -
term double top pattern or breakout towards 3,000 mark.
Like the 200 EMA, the 50 EMA shows short -
term bullish and
bearish trends relative to the EMA
line:
Trends above are showing bullish traits, and
trends below are showing
bearish traits.
The indicator consists of a zero
line, above the zero
line, the short -
term trend is bullish, on the contrary, below the zero
line bearish.
There is a short -
term connecting
bearish trend line forming with resistance near $ 0.1450 on the...