Bitcoin Cash about to breakout towards new heights ?
Technical analysis shows BCH/BTC about to breakout from a wedge.
The direction in which the movement will go is not totally clear, but combined to fundamental analysis we could guess a breakout towards long view.
I think we could see the pair approaching 0.3 BCH/BTC within the coming weeks.
--> Long opportunity with the following level to take profit : 0.199, 0.248 & 0.298
However, as their is a risk that break out goes also in the other direction I would strongly advise to add a stop loss around 0.135
This only reflects my own view and is not an investing advice.
The direction in which the movement will go is not totally clear, but combined to fundamental analysis we could guess a breakout towards long view.
I think we could see the pair approaching 0.3 BCH/BTC within the coming weeks.
--> Long opportunity with the following level to take profit : 0.199, 0.248 & 0.298
However, as their is a risk that break out goes also in the other direction I would strongly advise to add a stop loss around 0.135
This only reflects my own view and is not an investing advice.