Akshath1994

Bitcoin Cash - Daily Timeframe Technical Analysis!!

BINANCE:BCCUSD   Bitcoin Cash / US Dollar (calculated by TradingView)
Bitcoin Cash - Major Developments taking place on this chart at the moment.

1. My Weekly Support Level of 905 has been perfectly respected with a good pullback supported.That was the first bullish sign in place for Bitcoin Cash .The Downtrendline convergence with the Major MA's.

2.For the Bulls - A Really Strong Falling Wedge is currently in place and this could cause a spike of 500 point on Bitcoin Cash .

Trade upon breakouts and only those breakouts that are supported by volume .

More Trade Updates on my Telegram Channel.
Comment: Perfect Price Movement within our Wedge.

Start nibbling by buying some BTC.
Comment: Chart Update ( Bitcoin Cash) :-
Bitcoin Cash has given us the first move of a breakout and has faced some resistance just as was expected.A close above yesterday's highs would strengthen the bullish sentiment as well as move us to the next level of resistance.

The next major resistances comes in at our weekly supply zone of 1298.

*Trade Update :-*
Long at 1105.
Stop Loss :- 995
First Target :- 1230
Second Target :- 1300
:smiley:
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