Yesterday's highlighted short -
term bullish trend line with current support at $ 304 is still intact on the hourly chart of ETH / USD (data feed via SimpleFX).
There is a short -
term bullish trend line forming with support at $ 510 on the hourly chart of BCH / USD.
There is a short -
term bullish trend line forming with support at $ 510 on the hourly chart of BCH / USD (data feed from Kraken).
There was a break below a short -
term bullish trend line with support at $ 1,520 on the hourly chart of BCH / USD (data feed from SimpleFX).
In addition, it is also where a long -
term bullish trend line comes into play.
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.
Also read: Antshares Raises Millions in ICO, Partners with Microsoft Bitcoin Price Technical Analysis Long -
Term Analysis Prices recognized a strong support area at $ 600, and while
bullish consensus gets stronger on the idea of higher quotes, the action is going back to the old
trend line channel
There is a short -
term connecting
bullish trend line forming with support at $ 0.4800 on the...