BCH testing top of long term channel

Bitcoin Cash (BCHN) / Bitcoin (BITTREX:BCHBTC)

Updated

BITTREX:BCHBTC Bitcoin Cash (BCHN) / Bitcoin

BCH has been in a long term downtrend against BTC for awhile now. This channel goes back to 2018. If BCH breaks out of here it could be the start of a reversal against BTC. The VPVR also happens to be where the value area meets the most common volume area(1 S.D.), so a breakout here with 2 days of closes inside the brighter section of the VPVR would be extremely bullish IMO. I would start loading up on BCH, but that's just me and not financial advice

Comment:

Breakout happened, but it hasn't held yet. Looking for the channel to be retested and prove support. If that happens, I would set a long term target at the VPOC at .04939 sats.

Comment:

I think this is a good time to buy now, not financial advice

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