Mattyx227

Bitcoin Cash - Finally Awaken?

Long
COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
Bitcoin Cash - One of the oldest coins in the market, tested with time. It has recently broken out of a recent high, made higher lows, and validated a double bottom pattern.

Pros:
- It is extremely far away from ATH which sits around at 4k, with the current price that's a 500% move.
- Formed a higher high and multiple lower lows.
- Just broke out of the previous high, in short term its PT is at least 920.

Cons:
- Older coin with old technology, not as attractive as some of the newer coins
- Less explosive gains
- RSI close to overbought area

If you're interested:
- Buy at a pullback to the previous high at around 700 - 730, SL at 650

If you already holding BCH:
- Short term PT 920, end of bull market PT 1500+
Comment: We've hit the price target at 920. The next resistance will be at 950-980 at the dotted yellow trendline.
Comment: We've tag 950 and now healthy retracement hovering around 880 level. This is a very healthy action when the whole crypto scene is looking at DOGE.
Comment: We've breached over 1150 levels, the next target is 1500 / 1750. Wow BCH.

Comments

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