Bitcoin Cash Trend Reversal

We can spot a trend reversal here on Bitcoin Cash. After a downtrend of about 10 days, it seems like we've hit a temporary bottom.

I've charted the new uptrend in this slightly diverging upward channel. The road upwards is never without issues, so I expect a few bumps here and there. It is exactly on those bumps that I suggest to take the long position.

Don't FOMO into the buy now as it has already increased a lot suddenly in the last hour.

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!

Comment:

So far this is playing out perfectly.

We're reaching levels below our initial buy zone, so I would suggest to wait for the price to bounce off the bottom support line and then go in for a LONG trade