Academician of the currency circle: The 9.19 BCH market is like a rocket launch, and the short-term rise is unstoppable! Latest market analysis
Current market overview On the 19th, the BCH daily K-line pattern showed a fluctuating upward trend, and the closing price was significantly higher than the previous few days. Recently (from the 15th to the 18th), there was a small correction, and then the price rebounded rapidly, indicating the resilience of the market.
Technical indicator analysis MACD indicator The current DIF and DEA are gradually approaching, forming a sign of a golden cross, suggesting that the bulls are strengthening. The MACD histogram turned from negative to positive, further confirming the potential of the bull market. The current price of the EMA moving average is above EMA7 and EMA30, but below EMA120. The short-term moving average turns upward, while the medium and long-term moving averages are still in a downward trend.
Four-hour trend analysis On the four-hour K-line chart, the price trend shows a clear upward trend. MACD indicator The current MACD crosses above the 0 axis, indicating that the market is in a strong bull market. The current price of the EMA moving average is 343.02, which is much higher than all EMA moving averages, showing a strong upward trend. The distance between EMA7 and EMA30 and EMA120 gradually widens, further confirming the effectiveness of the upward trend.
Based on the above analysis, the BCH market shows an upward trend in the short term. Investors are advised to pay attention to market dynamics and adjust their strategies in a timely manner.
Buy and sell point suggestions
Long strategy entry point: 330 Defense level: 320 Stop loss level: 315
Short strategy entry point: 360 Defense level: 370 Stop loss level: 375
As a senior person in the currency circle, I have been committed to providing useful advice to everyone, hoping that everyone will take fewer detours and make fewer wrong orders in this market. Although I am sincere, the road to investment still needs to be explored by yourself, learning is endless, and the experience learned is the real wealth!
Here, I wish my fans to achieve financial freedom in 2024, come on together!
