We bring an analysis for BCH daily, since at the moment it is one of the Altcoins that is moving the most in terms of BTC volume.
We can see at this time that it has broken the area that formerly functioned as support level and located as the best point to enter at first waiting for the pull back and go long at 0.0324 Sats. As we can see, we have a target of 0.04272 Sats which gives us a risk / benefit ratio of just over 3:1 for this trade.
We can see at this time that it has broken the area that formerly functioned as support level and located as the best point to enter at first waiting for the pull back and go long at 0.0324 Sats. As we can see, we have a target of 0.04272 Sats which gives us a risk / benefit ratio of just over 3:1 for this trade.
Trade closed: stop reached:
Due to the current rally that BTC started the analysis is invalidated and we hit the stop