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Bitcoin Cash / British Pound

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BCHGBP trade ideas

Bitcoin Cash (BCH/GBP) - Key Levels {April 2024}Weekly update for Bitcoin Cash (BCH/GBP), price has created and held a new Level of floor Support at: £421. Median will be in the range of £472, it appear BCH has had a wick rejection on the candle exactly at a major resistance level of: "£581". Long term still very bullish, but expect prices to be in consolidation of the range of inbetween: £472 - £581. Any investment that you do decide to make, especially within the Median range will be a smart decision. Target of: "£710" once bulls create an uptrend after breaking the key resistance zone. Line of Support= £421🟢 Median= £472🟠 Line of Resistance= £581🔴 Target= £710🎯 ‼️DISCLAIMER PLEASE READ CAREFULLY‼️ *(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.) (CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION.)
Long
by Bitcoin_Benny
BCH in a clear up Channel and above support, with a move up?BCH is in a rising Channel and if you look it has hit the bottom of the channel 3 times. The last is a conformed up. It has also broken above teh red resistance in this chart and currently holding above it. We can see a long Pin bar circled in the chart this tells me we go up from here as well to the target. This is on no way trading advice as I am only new to this and I could be very wrong about it all. Help me along and like my idea if you think its got merrit. Wolf (NooB)
by Wolfskoll