vf_investment

BCHUSDT short term analaysis

BINANCE:BCHUSDT   Bitcoin Cash / TetherUS
BCHUSDT looks like it's ready to go higher .
The price is trying to break the resistance.
Once it break successfully 253 $ resistance , it should go much higher.

How to trade it?
Buy a successful breakout with a volume increase on 4h timeframe or wait for a backtest of the resistance in order to confirm it as a support.

MACD looks bullish which confirms our bullish bias.

Take profit: 290 $
target: 313$

Once the long position is taken, place a stop loss at 245 $

Good luck

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