AnkitSalgia

BitcoinCash BCH USD ready for new low

Short
KRAKEN:BCHUSD   Bitcoin Cash / U.S. Dollar
In my past BCH analysis we have seen down rally got support near $275, and we used it as buying during pullback wave.
As we can see from our 4 hour chart there has been price rejection around $325 resistance. The BCH is ready for downward moment.
The new bottom we are looking here is (240) Target1 278, Target2 262, Target3 240 placed above support zone . Last wave going up touching 325 was just pullback and price rejection has seen twice at same level. Until then go short if your analysis matches mine. STOP LOSS near $330.
We will analyze again when it reaches near next support based on how it reacts with it. Please like, follow and let me know if you looking analysis for other coins, I will try my best
Trade closed: stop reached

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