Bitcoin Cash [BCH]: Is there a potential shorting opportunity on the cards
— Potential, Close, Cards, Shorting, Opportunity, Cash, Bitcoin, Trendline, Days, Lower — 1 min read
Bitcoin Cash [BCH] has been on a steep southbound journey since its early April reversal from the $390-zone. The price has been hovering near the lower band of the Bollinger Bands (BB) for the most part ever since. At press time, Bitcoin Cash was trading at $109.6, down by 1.39% in the last 24 hours. The bears have made the most out of the aggravated fear sentiment by pulling BCH towards its fresher multi-yearly lows. The three-month trendline resistance has visibly kept the buying abilities under a leash. The OBV marked lower peaks over the past week and bearishly diverged with the price action. In fact, the DMI lines were yet to undertake a bullish crossover Source