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PolarHusk
Sep 4, 2020 6:49 PM

BCH/USD (Retest Weekly Major Support?) 

Bitcoin Cash / United States DollarCoinbase

Description

COINBASE: BCHUSD

-Bitcoin Cash weekly chart view is still sideways
-It is trading inside a potential ascending triangle
-A clear flat area of resistance at 500 dollars
-And new upward trendline of support at 175 dollars
-BCH is likely to retest major support again
-Can we expect another strong upside movement after retest?
-There is a big chance because of good risk to reward ratio
-Buyers will be interested if the price get this low
-Please don't take this as financial advice
-Technical analysis is only a guide for future scenarios
-Exercise proper risk management
Comments
Aspergilous
Good analysis
PolarHusk
@Aspergilous, thank u!
janicecarrington123
good work..
PolarHusk
@janicecarrington123, thanks alot!
Tulip06
Keep up the good work..thank you for sharing
PolarHusk
@Tulip06, welcome! :)
Nayem1234
Good analysis
PolarHusk
Jeams_stonis
That's a great idea.
PolarHusk
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