COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
COINBASE:BCHUSD is bearish . We are likely near the bottom, however, we need to wait for break to upside out of triangle.

Steps to take:

  • Buy at blue uptrend support OR break of $648 area resistance line if candle open close above OR multiple buy signals
  • Sell if candle open close below blue uptrend support

If BCH breaks down further below blue uptrend line you would buy at next support of $436 area
Comment: We are still holding blue uptrend line. With BTC reversing to the upside, we should stabilize here
Comment: BCH failed to hold the blue uptrend line. $435 area is your new support base. We are likely to consolidate here for a while before moving higher.