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Long

Opportunity to accumulate BitcoinCash

BITFINEX:BCHBTC   Bitcoin Cash / Bitcoin
This post's Technical Analysis Pinpoints :
- Bitcoin cash is in a range bound*.
- It is expected to begin an uptrend soon.
- RSI is at at 38.3
It didn't start its uptrend yet and might show some dips for the following days. So we put our accumulation buying areas starting from 0.10288 to 0.06757 points. After that we might see a bullish reversal towards the following target points.
T1 : 0.11249
T2 : 0.13929
T3 : 0.1596
T4 : 0.18042
T5 : 0.20801
T6 : 0.25032
T7 : Open Target
*Range-bound trading can be defined as a trading strategy that identifies assets trading in channels. By finding major support and resistance levels with technical analysis , a trend trader accumulates at the lower level of support (bottom of the channel) and distributes it near resistance (top of the channel).
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