$BCH Is Bouncing Off $420 With a MACD Divergence.
Three EMAs Overhead. One Decision Candle. 📊
BCH has been in a clean downtrend — $477 to $420 with no meaningful bounce until now.
Here's what changed: price hit $420.4 and the MACD histogram flipped green while price was still making lows.
That's divergence. It doesn't guarantee reversal — but it's the first technical signal worth noting in this entire downtrend.
Trade Plan (Bounce Trade — Not Trend Reversal):
Entry: $432 – $439 (current EMA20 test)
Target 1: $447 (EMA50 — first major resistance)
Target 2: $460 (below EMA200)
Stop Loss: $418 (below $420.4 structure low)
Three declining EMAs overhead means this is a bounce trade, not an accumulation call. Each EMA is a partial exit zone.
EMA20 at $438 is the immediate test. If BCH closes a 4H candle above it with volume — the bounce has legs. If it gets rejected here again — $420 gets retested.
One candle. One decision.
DYOR | NFA
