kyer

$BCH LONG TRADE IDEA

Long
KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
  • Sometimes when you're in doubt about a chart, you have to really zoom out to a bigger timeframe to understand where the bigger move is coming from.

  • Moves within moves, timeframes within timeframes. Anyways, we can see the 2020 coronavirus crash the price went up to almost $515, which it hasn't came near to since the virus.

  • But now on the daily, we're about to have a 'golden cross' soon sparking interest into the market , and I know a lot of people are watching this same chart. I'm very bullish because of that

  • Anyways BCH closed over $305 monthly resistance and gained that as support, so the next target would be $361 respectively

  • This is a daily chart so don't expect this to happen overnight

Thank you all for your continued support, I really appreciate it .
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Comments

Great analysis for us.
+1 Reply
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