BCH is taking a tumble. The chart shows a sudden trend change for Bitcoin Cash, which is especially visible at the 15M chart, where the price is below the clouds and the lines, and dropping fast and heavy. The lagging spans gives a clear picture of the recent price movent.
At the 3H level the price is dropping from the kijun-sen and the tenkan sen to the clouds.
While at the 9H scales, the price making its long overdue visit to the flat kijun-sen in the cloud. Keep in mind though, a bounce can be expected from the kijun-sen itself. All in all, a short correction or a trend change? We'll know soon enough.
