One day analysis of BCHUSDT

2022年2月4日

first check the 4-hour chart, the downtrend triangle chose to break down to the downside, then in the 1-hour timeframe, it pullbacks and tested the resistance level while forming a double top. Now to confirm if this short-term reversal works, we will need to see some selling pressures to help us short the market. If the next candle closes above the blue box, It's a bad signal for bears.