Decisive week for Bitcoin Cash

KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
Ok don't listen to all those complicated charts, here's the simple thing :

We have confluence of the 50 weekly MA as support, also with this trendline from last december lows.

For me personally, I have a bullish bias and I go with the uptrend, so I would like to see a retest of the $300 levels and watch closely the price action (in hope to go long). Needless to say if we close below that will be bearish .

For now, I have no position and just wait.


Comment: As I was expecting, trendline and moving average acted as support (although last week price action gave me a bit of a sweating).

We also just had this news coming ( : Rakuten (largest e-commerce site in Japan) launches crypto spot trading mobile wallet + app today, supporting $BCH

It's pretty clear now that $BCH haters are going to cry a sea of salt, and I'm confident in longing this one to the moon now.

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