Take a look at the chart above, we have two main support levels holding. We have MA200 (black line) and 0.786 Fib. retracement with EMA10 working as resistance.
If BCHH19 can break and close above EMA10 with good volume, then a strong move up can be expected to challenge the previous high.
This set up looks clear, but certain conditions need to be met before we can take action. (This is not a piece of trade advice, my trades contains buy-in, target, stop-loss and additional relevant information).
The MACD is showing a bullish crossover while the RSI remains strong.
Trading volume has gone down to a halt, no more volume on the drop, and we also have a strong hammer candlestick. These signals can lead to a bullish breakout
If you want a full trade for BCH19, make sure to hit LIKE. If enough people hit like and show their support. I will share a full trade with 10-20X leverage and up to 200% ROE.
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