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AlanSantana
Jun 17, 2022 2:00 AM

Bitcoin Cash Oversold, Bullish Divergence + ATL Long

Description

Bitcoin Cash hits a new All-Time Low while at the same time hits oversold on the RSI.

We have a strong bullish divergence with the MACD.

Based on other market factors not visible on this chart, we believe that Bitcoin Cash can bounce at this support level.

The last low around $107 should be the stop-loss in a manual way as we use it.
Any trading above this price and we are strongly bullish.

We are active on this one with leverage as well.
This is recommended for experts only as leveraged trading is ultra-high risk.
We are also active on this pair through SPOT trading and the BTC pairing below.



Remember to hit like, follow & comment for more.

Namaste.

Comment

Full trade signal

This is not financial advice.
Leveraged trading is high risk and for experts only.

IF YOU CAN'T TAKE A LOSS, STAY AWAY!


--
LONG BCHUSD

Leverage: 8X

Buy-in: $108 - $116

Targets:

1) $128
2) $140
3) $165
4) $181

Stop-loss: Close daily below $105

Liq. price: $101

Potential profits: 469%

Capital allocation: 6%

Shared: 16-June.
Comments
Options360
BCH look at the bid vs ask depth tonight.
fowtime
@growerik, i wonder why its lack of bid/demand
Options360
Yea who, what, where, when, why?
dzoni893
@growerik coinflex situation? Hard hit for BCH I guess
Options360
@dzoni893, I speculate BCH sell used for liquidity for BTC buy. lol
LTBb
Good stuff
KingPriestt
thanks man
DeGRAM
Great job. Two thumbs up!
Traprock
I appreciate all your insights (especially ones like this that I like to buy. :)! Thank you!
KingPriestt
@Traprock why you like to buy BCH.
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