BitcoinCash bullish advance coming?
Several reversal indicators identified on the chart. BCH is sitting now on top of the 200 day moving average and forming a bullish pennant.
In addition, you will notice the 20 day moving average crossed the 200 for the first time since April 26, 2018! that was a significant bullish cycle however volume needs to drive the 50 day to cross as well.
Fundamentally I would encourage research on the story of Roger Ver and how he helped propel the original bitcoin to what it is today.
In addition, you will notice the 20 day moving average crossed the 200 for the first time since April 26, 2018! that was a significant bullish cycle however volume needs to drive the 50 day to cross as well.
Fundamentally I would encourage research on the story of Roger Ver and how he helped propel the original bitcoin to what it is today.
Note
Support being tested. Stop loss at $256. Short term below that will find BCH drop down to the 50 day moving average of $230. Will update
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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.