icexch

Bitcoin Cash’s rate is trying to rebound. Is it possible to earn

BITFINEX:BCHUSD   None
In our last review, we wrote that Bitcoin Cash is sold at prices of the fall of 2017.
And so, in the framework of these sales, its price formed a local minimum and drew a reversal up.
It seems that the growth potential may well be up to $ 900.
If the inflow of funds in this coin will be high, then a breakthrough is possible up to $ 1135.
At the same time, the technical picture of this growth looks weaker than the possible growth of BCH’s “crypto-brothers”. Therefore, in our opinion, BiCash is not very suitable for purchasing.
If you still buy, then a good stop can only be placed under 600.
With the nearest goal at $ 900, the deal looks too risky.
Given the downward long-term trend, a more promising idea seems to be shorts from the area of 900-1135. The goals and the stop of such a position will become clear by the time of entry.

Profitable deals and follow our reviews!
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.