BCH holds support above the daily 50 EMA & 100 EMA. Potentially it could form a golden cross.
RSI on the daily is > 50. Which means that bulls are in control here.
Bullish continuation on different STF.
On Bitmex an entry around 0.0413 would be ok.
Point of invalidation @ 0.0395, set here your stop loss if you trade on Bitmex.
Target 1: 0.050 Target 2: 0.063
Leverage max 5.
Nice RR of 4.5 which is baded on target 1.
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RSI on the daily is > 50. Which means that bulls are in control here.
Bullish continuation on different STF.
On Bitmex an entry around 0.0413 would be ok.
Point of invalidation @ 0.0395, set here your stop loss if you trade on Bitmex.
Target 1: 0.050 Target 2: 0.063
Leverage max 5.
Nice RR of 4.5 which is baded on target 1.
If you liked this analysis please give it a LIKE.
Trade closed: target reached