Trade_Setup

BCHUSD is looking set to consolidate highs before a new leg up

BITSTAMP:BCHUSD   Bitcoin Cash / U.S. Dollar
BCHUSD is holding up nicely since the move up off the BidZone around 220.00. The two key levels are at 270.80 and up at 303.30 which are containing the action. We see the potential for price to washout some recent buyers with a move below 270.80 prior to a new leg higher. If price simply starts a charge higher then watch for a shoulder entry setup. Either way we are bias up.

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