TradingView
ThawonP
Dec 7, 2020 4:15 AM

BCH Buy The Breakout Long

Bitcoin Cash / United States DollarCoinbase

Description

+In the Past I've only traded major pairs like BTC,ETH,LINK and a few other Defi Projects.

+Recently I have changed my mind and now realize that there are many other coins out there that are just as good to swing trade.

+BCH has been in accumlation for the past 272 days and has just recently turned its resitance now support at $274.

+We can also see a Bullish trend line that I have drawn created in March.

+Longer the accumulation bigger the move up.

+With BCH being in accumulation for so long I believe that we will be able to test its monthly resistance $443 sometime in the next month or 2.

+BCH should see a nice breakout In the next few days possibly weeks if we can maintain this yellow bullish trend line that I drew.

+1st TP $402 📊

+2nd TP $443📊

+BCH is definitely and shitcoin hasn't made a move since 2018 but a good coin to swing trade it seems like now. Long term BCH Holders good luck.

+Thanks for reading my TA on BCH and remember traders Trade Smart Profit more
Comments
BuyGanyo
thanks man
kyer
I'm buying the breakout great analysis
More