We can see a long-term bearish trendline and channel in Bitcoin cash since Feb/2020. Price is struggling with this trendline and broke it. If this break gonna stabalized, BCh will start strong bullish move from here. This trendlind is overlapped with WMA 200.
This can be a start for a bullish trend if BCH can break last peak in the channel which is 0.015 BTC.
Entry: 0.012-0.013 BTC
Targets:
1) 0.01500 BTC
2) 0.01800 BTC
3) 0.02000 BTC
4) 0.02200 BTC
5) 0.02400 BTC
Stop Loss: 0.01000 BTC
This can be a start for a bullish trend if BCH can break last peak in the channel which is 0.015 BTC.
Entry: 0.012-0.013 BTC
Targets:
1) 0.01500 BTC
2) 0.01800 BTC
3) 0.02000 BTC
4) 0.02200 BTC
5) 0.02400 BTC
Stop Loss: 0.01000 BTC
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.