Hey, I am back with another Trade Idea, this time looking at BCH Bitcoin Cash.
Bitcoin Cash was struggling from december to leave its downtrend channel, in which were few bull traps. Currently BCH is not anymore in this Channel, formed and rounding bottom and looks really bullish!
Taking look at Indicators.
MACD gives Strong Buy signal with increasing Volume on Histogram, RSI has surpassed its key level ressistance, which gives us another buy signal, If you want to wait for a pullback look for a bounce from 45 daily RSI, which doesnt have to happen, there are 2 key ressistances than BCH can bounce off down to lower RSI levels.
Hope I made your view on whats going on with BitcoinCash somehow clearer. If you like this TA let me know in the comments, Likes are aprreciated, Thanks !
If this gets a little bit of attention, I will update!