Monfex_UK

Bitcoin Cash is on the way to profit !

COINBASE:BCHBTC   BCH/BTC
Hello, dear Traders!
Monfex is at your service and today we overview BCH/BTC.

After the price had plummeted to the support line, a triangle formed. Near the triangle's resistance we have MA50 , the breakdown of which will be a confirmation of a bullish scenario to the next green resistance zones.

But there can also be an another script. By breakout the support line, you should sell BCH and consider it near the red support horizontal line.

  • Supposed Trade Signal by BCH/BTC
    Buy by breakout 0.028
  • Take profit ~ 0.02884 && 0.03047
  • Stop loss at 0.02749

  • Market Cap
    $4 720 995 136 USD
  • Volume (24h)
    $3 313 549 822 USD
  • Circulating Supply
    18 081 438 BCH

Share your thoughts, ideas about the market under the chart.

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GOOD LUCK AND LOTS OF PROFITS !!

Disclaimer
This report is for information purposes only and should not be considered a solicitation to buy or sell any trading assets. Monfex accepts no responsibility for any consequences resulting from the use of this material. Any person acting on this trade idea does so entirely at their own risk.
Oct 29
Trade closed: target reached
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