Hi traders, today we're looking at Bitcoin Cash. This is my 1st BCH chart, so bare with me on this.
I actually am not a fan of this coin, but for trading purposes I've bought into this. The past few months the entire crypto space has been consolidating, and caused Bitcoin Cash to hover around its weekly hold around $305.
Before the start of October, the price dropped 30% in just a few days, now its hovering around its found support at $212. Buying along the daily support at $212 is a great buy in, and that's where I bought in.
At the time of writing, i'm currently up 9% and targeting the weekly resistance at $305 for a 30% trade. Bitcoin Cash will go up again with all the rest of the coins, and touch that $305 price mark, that's a given.
If you take this trade, set a tight stop and enter at $212, nothing higher. Price will touch $212 again. Entry at yellow, exit on red.
As always do your own research, I am not a financial advisor
I actually am not a fan of this coin, but for trading purposes I've bought into this. The past few months the entire crypto space has been consolidating, and caused Bitcoin Cash to hover around its weekly hold around $305.
Before the start of October, the price dropped 30% in just a few days, now its hovering around its found support at $212. Buying along the daily support at $212 is a great buy in, and that's where I bought in.
At the time of writing, i'm currently up 9% and targeting the weekly resistance at $305 for a 30% trade. Bitcoin Cash will go up again with all the rest of the coins, and touch that $305 price mark, that's a given.
If you take this trade, set a tight stop and enter at $212, nothing higher. Price will touch $212 again. Entry at yellow, exit on red.
As always do your own research, I am not a financial advisor