BCH has been on FIRE today with a strong move off its demand zone around $435 yesterday with substantial volume relative to past few weeks. It has currently moved to its 50%FIB level and currently finding resistance there creating an SFP at the moment. We could very well see a pullback as the RSI is hitting resistance at the top demarcation line and might need to cool off a little before giving it another go.
Bitcoin needs to break out of its current level to allow altcoins to continue this move higher so any pullback with BTC strength could provide a nice long trade.
Thanks guys!
Bitcoin needs to break out of its current level to allow altcoins to continue this move higher so any pullback with BTC strength could provide a nice long trade.
Thanks guys!