Trading-Guru

BCH/USD Great Buy Opportunity in Parallel Ascending Channel

Long
COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
When looking at a pair that has a positive bullish momentum, we get the risk of entering out of FOMO.

Make sure that you don't enter when the price is really high and hasn't retraced yet. For instance, keep an eye on the RSI and don't buy when it's above ~70.

Here in this parallel channel we can see that currently we have a nice opportunity for a buy, because the price is reaching the bottom support line of the channel.

This is a great moment to enter Bitcoin Cash in this bullish market.

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- Trading Guru

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Disclaimer!
This post does not provide financial advice. It is for educational purposes only!


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Comments

nice updates today, thank you for sharing.
+1 Reply
Trading-Guru ProjectSyndicate
@ProjectSyndicate, Thanks for the kind words!
Reply
Trading-Guru ProjectSyndicate
@ProjectSyndicate, let's hope this BCH idea works out nicely
Reply
laughing out loud
Reply
Good
Reply
@PeePla, hehe, thanks PeePla!
Reply
I will be posting more of these regularly, so follow me to find out about great trading opportunities
Reply
I would also like to remind you that I make all of this available completely for free. If you like my work, you can help me out greatly by giving me a thumbs up on this idea
Reply
How would you have charted this? Feel free to post a link to your own idea here as well
Reply
I’m curious to hear your thoughts! Let’s make use of the fantastic tradingview community and give each other feedback.
Reply
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