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BCH has somewhat followed the falling pattern of its Bigger Brother, though it remains less volatile.
* Sharp sell-off caused Bitcoin Cash losing around $90 or 30% in value just within few hours.
* On the downside, this huge drop harmed the value of the Crypto itself.
* But from the other side, it created very attractive opportunity for the fresh money to float the market: you can see that by huge Volume at the bottom.
* Sharp drop from $305 to $205 created massive technical vacuum = the price/volume gap along the full length of the slump.
* This vacuum is more likely to trigger a significant bounce up in the foreseeable future.
* RSI has started to exit oversold territory confirming the launch of the new upside movement.
Active trade signal
Buy from $200 - 220
Target Area: $270 - 290
Stop-loss: $10 off the Entry Point
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
If you agree with this analysis, then Like it and visit my page! This will be the best feedback and encouragement for me!
Disclaimer
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.
BCH has somewhat followed the falling pattern of its Bigger Brother, though it remains less volatile.
* Sharp sell-off caused Bitcoin Cash losing around $90 or 30% in value just within few hours.
* On the downside, this huge drop harmed the value of the Crypto itself.
* But from the other side, it created very attractive opportunity for the fresh money to float the market: you can see that by huge Volume at the bottom.
* Sharp drop from $305 to $205 created massive technical vacuum = the price/volume gap along the full length of the slump.
* This vacuum is more likely to trigger a significant bounce up in the foreseeable future.
* RSI has started to exit oversold territory confirming the launch of the new upside movement.
Active trade signal
Buy from $200 - 220
Target Area: $270 - 290
Stop-loss: $10 off the Entry Point
Watch for our Updates to be the first who gets well-timed signals !
GOOD LUCK AND LOTS OF PROFITS !!
If you agree with this analysis, then Like it and visit my page! This will be the best feedback and encouragement for me!
Disclaimer
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.
