BCH ANALYSIS: LONG THE NEW SUPPORT
Updated
BCH ANALYSIS:
BCH held the 200MA and flipped bullish as it broke above the previous resistance block. That same block is now outlined in green and is now flipped to the temporary support. Currently sitting on a 4HR green wick, it looks likely this spot will zone. The re-attempt at the hourly block is likely in which I expect another rejection to occur. Look for entry inside the zone just below 3500 sats down to 3450 sats. The take profit targets are T1 at 3545 sats, T2 at 3620 sats, and T3 at 3688 sats. Recommended to close full position before hourly resistance hit. If BCH does break ABOVE this zone, we can enter for a new long up.
Possible Entries: 3450-3500 sats
BCH held the 200MA and flipped bullish as it broke above the previous resistance block. That same block is now outlined in green and is now flipped to the temporary support. Currently sitting on a 4HR green wick, it looks likely this spot will zone. The re-attempt at the hourly block is likely in which I expect another rejection to occur. Look for entry inside the zone just below 3500 sats down to 3450 sats. The take profit targets are T1 at 3545 sats, T2 at 3620 sats, and T3 at 3688 sats. Recommended to close full position before hourly resistance hit. If BCH does break ABOVE this zone, we can enter for a new long up.
Possible Entries: 3450-3500 sats
Trade closed: target reached
WIN! BCH/BTC Hit Target 1!
+2.75% Profit!
Trade closed: target reached
WIN! BCH/BTC Hit Target 2!
+4.93% Profit!
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