crypto_angelz
Long

Bitcoin Cash Break-out - Long Term Upside

BINANCE:BCHUSDTPERP   Bitcoin Cash / TetherUS PERPETUAL FUTURES
In the 4H chart, BCH broke out from a bearish channel that led price movements in the past days. Now it is flirting nicely with first resistance at 235-240. On the fundamental side, BCH mining rewards have been halved in the past months. The recent break-out might prompt a more profound and long term bull-run if accumulation starts at these levels
Everything will depends if the current trading levels will hold in the short term. The recent break-out might suggest so, since long term resistance lines have been broken.

Key Long-term resistance intervals are
270-280 USDT
320-340 USDT
420-440 USDT

Long Term Strategy:
Buy 220-240
TP1 275
TP2 325
TP3 430
TP4 500+

For Future trader with 10-25x leverage:
TP1 245
TP2 257
TP3 276
TP4 300

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