Bitcoin Cash - Finally Awaken?
Bitcoin Cash - One of the oldest coins in the market, tested with time. It has recently broken out of a recent high, made higher lows, and validated a double bottom pattern.
Pros:
- It is extremely far away from ATH which sits around at 4k, with the current price that's a 500% move.
- Formed a higher high and multiple lower lows.
- Just broke out of the previous high, in short term its PT is at least 920.
Cons:
- Older coin with old technology, not as attractive as some of the newer coins
- Less explosive gains
- RSI close to overbought area
If you're interested:
- Buy at a pullback to the previous high at around 700 - 730, SL at 650
If you already holding BCH:
- Short term PT 920, end of bull market PT 1500+
Pros:
- It is extremely far away from ATH which sits around at 4k, with the current price that's a 500% move.
- Formed a higher high and multiple lower lows.
- Just broke out of the previous high, in short term its PT is at least 920.
Cons:
- Older coin with old technology, not as attractive as some of the newer coins
- Less explosive gains
- RSI close to overbought area
If you're interested:
- Buy at a pullback to the previous high at around 700 - 730, SL at 650
If you already holding BCH:
- Short term PT 920, end of bull market PT 1500+
Note
We've hit the price target at 920. The next resistance will be at 950-980 at the dotted yellow trendline.Note
We've tag 950 and now healthy retracement hovering around 880 level. This is a very healthy action when the whole crypto scene is looking at DOGE.Note
We've breached over 1150 levels, the next target is 1500 / 1750. Wow BCH.
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.
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.