Hello friends, BCH did not have similar run like other cryptos, though when looking in the weekly chart, I feel this is about to explode anytime soon. We broke above the long term down trend line but failed to break through the strong weekly resistance around $325. There are 2 ways to trade BCH; either buy when price falls to $230 - $270 area or buy after having clear breakout of the resistance at $325. I will buy the dips and hold until we have that explosive move "hopefully" according to the chart. Once it breaks the $325 hurdle, it can easily get to $470 then we will have to re-evaluate the price action before further upside/correction.
Please share your thoughts about BCH and if like this idea, please like and follow.
Thank you for reading through and good luck with your trades.
Please share your thoughts about BCH and if like this idea, please like and follow.
Thank you for reading through and good luck with your trades.
Trade active:
Entered today near $250 support and happy to add more in dips
Comment:
Up we go, explosive move ahead!