jpbrown1023

BCH - Knocking on Resistance, Get Ready for a Breakout!

Looking at Bitcoin Cash's daily chart, we can see the price is currently testing overhead resistance. The setup isn't ideal as the price action looks like a giant bear flag. But the MACD has a bullish cross over the signal line and with all the positive price action in the alt market the past couple days, it wouldn't surprise me to see BCH go on a bull run of its own. However, due to the weak set up, I am going err on the side of caution and have my buy order ready for the breakout. That way if the price gets rejected by resistance, I'll get BCH up to 10% cheaper.
면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.