athishhy

BCHBTC LONG TERM ANALYSYS

Short
BITSTAMP:BCHBTC   Bitcoin Cash / Bitcoin
BCH trapped in a triangle since its inception, RSI shows its trying to get out of the triangle in a month or two. We have to keep in mind that BCH doesn't have any value, its price movement almost entirely depend on BTC . When it broke out of triangle in December 2018 a narrow channel started(showed in dark lines), a possible move can lead to test the wall of triangle around 543. it will definitely fail and drop to the bottom support

Week support : 405
Strong support : 334

These week and strong support levels will decide shape of the narrow channel. it will bounce from these support levels.
Refer my another short term analysis idea here

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