GNTO
Long

Bitcoin Cash (BCHM19) Prepares To Move Up (110% Profit)lhlkjkk m

BITMEX:BCHM19   Bitcoin Cash / Bitcoin Fri, 28 Jun 2019 12:00:00 GMT Linear Futures Contract
Welcome to this updated analysis on BCHM19 Let's get right to it!

We can buy this coin with a target at 0.00000023

TARGET:
1.) 0.00000023
2.) 0.00000031

We can AVOID/STOP loss at 0.00000016

Easy to notice on the chart, we have two broadening falling wedges wherein both cases a low was hit followed by higher lows before a breakout.
There is no more volume for the bears and the RSI and MACD also support a move to the upside.
The MACD presents a bullish crossover, which also happened before the breakout on the last retrace.
The RSI hit a low point and quickly bounced, which also happened before the breakout on the last retrace.
Now, there can be another drop but if you look at the set up above, it is likely that a break to the upside can happen.
Bitcoin Cash also tends to trade inverse to Bitcoin on many occasions, and this can turn out to be one of those.

This information is to be used for educational purposes only, If you are a beginner trader, please check the normal trading as this is high-risk and can easily produce a loss. We share many, many trades that are basically risk-free.

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