BCH’s New Combo: Bull collapse With defined Downside? – Bitcoints

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Published on November 14th, 2017 | by bitcoin

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BCH’s New Combo: Bull collapse With defined Downside?

BCH’s New Combo: Bull collapse With defined Downside?Bitcoin cash is buoyant again today, but some hints of bull exhaustion are starting to show.
As per data from CoinMarketCap, the cryptocurrency has gained over 9 percent in the last 24 hours.
Still, dust now cleared, yesterday’s pullback looks like nothing more than a normal technical correction, given that trading volumes dropped by 42 percent.
That said, the price action analysis indicates some bull market exhaustion, and the downside, if any, is likely to be capped at around $1,000 levels.
Daily chart

Yesterday’s doji candle signals bull market exhaustion.

Source: Www.coindesk.com

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