This is sort of a risky short considering the way Bitcoin has been pumping these past few days. However, there is a nasty resistance cluster at this level, and a beautiful candle shows a great R:R trade setup.
This company is a pure value play. The company loses on average $0.5-1m a quarter. That being said, this is a pure value play. Company has $34.9m in cash but market cap of $18m.
Technicals are also decent:
Notice the oversold RSI and Trendline
Why use BCH when you can use BTC? Bitcoin Cash promises speed, but if you want speed go use Ripple or something. 90% of crypto projects will fail and i'm betting BCH will be one of them. Fundamental textbook range trading setup right here provides me with the entry.
A good R:R setup right here guys, strong support + trendline = Good entry. Fundamentals of this coin are also amazing (DYOR), it has dozens of projects lining up to use it's platform. On the chart we can also see a bullish candlestick forming, which is the confirmation we will use for this entry.