Bitcoin Cash: new horizons, new expectations

COINBASE:BCHUSD   Bitcoin Cash / U.S. Dollar
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Bitcoin Cash leaves Bitcoin considerably behind in terms of retail consumer spending in Australia.

* According to the BCH-centric web source -, BCH is currently the top digital currency Australia since BCH transactions have exceeded BTC dramatically - recent publications reveal.
* Input data for this analysis was used from the underwriting firms Travelbybit and Hula. They revealed that Bitcoin Cash alone accounted for 92.45% of total crypto spending and 80.3% of all crypto transactions in Australia.
* In technical terms, BCH is moving in the upward sloping channel marked by an each new bottom tail higher than the previous one.
* Moreover, BCH is trading outside the previous restrictive downside trendline that gives BCH's price a little room for a downside.
* At the same time, $250 target is visible on the upside at the upper band of the rising channel .

Active trading signal

Buy @ $221 - 226.
Target: $250.
Stop-loss: $210.

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This report is for information purposes only and should not be considered a solicitation to buy or sell any cryptocurrency or cryptocurrency product. 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.
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