Long
BCH Analysis
BCH is showing a good bullish setup, with bitstamp also announced support it's a good sign.
But still we are at a very neutral price level. Short term and long term trends are bullish but there is no bullish confirmation yet.
We had a very similar setup previously as shown in the charts, but BCH failed to breakout mainly due to BTC.
BTC is still a very critial factor, and even now its hovering around all time hights.
So unless there is a clear breakout our of the wedge we cannot confirm bullish, so lets just be hopeful and wait.
But still we are at a very neutral price level. Short term and long term trends are bullish but there is no bullish confirmation yet.
We had a very similar setup previously as shown in the charts, but BCH failed to breakout mainly due to BTC.
BTC is still a very critial factor, and even now its hovering around all time hights.
So unless there is a clear breakout our of the wedge we cannot confirm bullish, so lets just be hopeful and wait.
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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.