This is a textbook falling wedge happening.
Bitcoin.com announced a $200 Millions devfund for the BCH ecosystem news.bitcoin.com
This looks like a excellent recipe for mooning.
Follow and like if you agree :)
Good luck everybody
Ok don't listen to all those complicated charts, here's the simple thing :
We have confluence of the 50 weekly MA as support, also with this trendline from last december lows.
For me personally, I have a bullish bias and I go with the uptrend, so I would like to see a retest of the $300 levels and watch closely the price action (in hope to go long). Needless...
Just wanted to make an analysis on BCH/EUR
Please see my other BCH/USD which is essentially the same.
I strongly believe 1 BCH will be worth 520 € more or less, and I'm trying to resist FOMO and looking for a juicy entry around 286 €
Good luck Bitcoin Cashers :D
I believe a inverse head & shoulders pattern is developping.
I'm looking for the price to retrace to $309 and then buy some $BCH in hope for the price to go back to $318 which would validate the pattern, and smash through the moving average resistance up to $336.
$BCH is a sleeping beast, I am betting on it.
