Technical analysis by Wolf_Top_Crypto about Symbol BCH: Buy recommendation (5/15/2023)

Wolf_Top_Crypto

LONG BCHUSDT 15.05.23 {ENGLISH} 1H: Spike (bulls) MA CROSS uptrend (bulls) Range breakdown with high Volume (bulls) Bearish divergence a/d (bears) Bearish divergence rsi (bears) Bearish divergence volume (bears) There are reversal signals that suggest an even greater drop in price, therefore, the purchase is shifted significantly lower (where most stop-losses are likely to be eliminated) Order book: neutral Fear and Greed Index: 50 (neutral) Overall mood: bullish Reason for opening a deal: Excellent profit-to-risk ratio. This happens seldom) Instructions for action: Cancel a position after one close under a spike Trading Strategy: Buy: 116.2 Stop-loss: 115.8 (-0.34%) Take-profit: 122.8 (+5.68%) Profit/risk: 16.7