BCHABC - Slow and steady wins the race

BINANCE:BCHABCUSDT   Bitcoin Cash / TetherUS
We are always looking for sound trade setups, and our followers are the first ones to know when we find something worthwhile.

Today it's BCHABC that we're looking at. Once known for its notorious reputation of wicks & tails and giving BITCOIN a run for its money, the coin has been hibernating for quite some time now. However, that certainly does not mean that the charm is lost. In fact, it could just be the calm before the storm.

Below we'll share some of our observations from the chart:

- Trending up (higher highs & higher lows) since Mid July '19
- Honouring the up-trending slope with support from 100EMA (240M)
- 355-370 region could be tough

Refer to the chart for levels.
Trade closed: stop reached
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Happy Trading!
Team Bitbloxx
Why do you create fake views on all your charts?
I'm not trying to ruin your bubbles but bitcoin cash abc is a complete waist of a blockchain which in near future is going to get dumped and will lose all support from the bitcoin miners as they will migrate to solely mine bitcoin sv. Please be careful and maybe consider to invest in ETH if you are allready investing in alt bitcoins.
+1 Reply
I do agree alt season will begin soon but we have a bit longer to go since Bitcoin has decided to wake up!
Interesting idea
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