**Bitcoin Cash: Long in the Long-Term**

COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
Hi, Traders ! Monfex is at your service !

Bitcoin Cash posts higher gains as it continues to spread adaption and development globally.

* Bitcoin Cash (BCH) adoption, development, and participation continue to expand as more and more positive BCH-related announcements grows up.
* In addition to that, there is currently over 18 million BCH coins in circulation and only three million coins left to mine.
* Technically, BCH has found the strongest Support near the round $200 level and now shows very promising signs of recovery.
* Overall, we expect a robust growth of BCH to at least $270 as the price has settled down and the new bullish cycle is likely to start off.
* RSI & MACD support the bullish idea with RSI showing flat divergence at the Support level , while MACD continues expanding into the positive territory.

Active trade signal

Buy up to $230 now.
Buy to average out @ $210 in case of a further decline.
1st Target: $270.
Stop-loss: $199.

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This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.