Vukas7

BCH/USD retesting the resistance

Long
KRAKEN:BCHUSD   Bitcoin Cash
We finally got out of the 50MA, if confirmed our next target is 278$, retesting the last high. If it fails bellow the 50MA, this would be invalidated. Still not enough volume to follow up, but I still think that this scenario can play out in next 2-3 days. With all this unemployment money and stimulus checks, and halving being less then 30 days away, we should expect a move.

Not a financial advice.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.