saintbitcoin

Bitcoin Cash - BCH - The silence before the storm?

COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
Bitcoin Cash             - BCHUSD            

We can see that Bitcoin Cash             has been struggling to regain its bullish momentum, however we find ourselves in a tight trading range between 1500 – 1700.

In this kind of scenario we would expect to see some action within the next few days.

Looking at BCHUSD             , a breakout to the topside could take the prices up to the 2000 zone, where we would expect some resistance.

Should prices fall to the bottom we could see a selloff and prices could drop as low as 1200 or even lower.

Short term support is at $1400 – $1500 and resistance is at $1600 – $1700.

We will consider going long should prices drop into the $1400 zone, buy order could be stacked down to $1000 in case of a selloff.

We will consider going long on a breakout trade should prices consolidate above $1700.

Feel free to discuss this trade with me at the best Crypto Trader hangout.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out