BCH/USDT 4hr chart Fibonacci retrace to (0.5), at the latest pump, it can’t break the descending trend-line, price is still suppress by EMA21(orangeEMA).
As those reason, in my opinion BCH/UST is still weak.
SHORT TP1 is the previous high price(498.23) and the green support zone
TP2 Fibonacci (1.414~1.5) 462.77~446.18
SL latest high point (639.08) or...
SOL/USDT had broken the ascending trend-line and creating a double top pattern.
The double top TP1(1.272-1.382) & TP2(2.0) is overlay with the green support zone and long term Fibonacci Retracement (0.5) & (0.382).
Wait until it reach the entry condition, which is the neckline be breakout and retest.
In my opinion, I’ll Set the SL at double pattern high...
