Long
BCH we might have a good buying opportunity
We found support on the red line and MACD and RSI have bullish divergences. SL should be set just a little bit under the red line.
Note
We are still bullish on BCH. Event though we didn't bounce from the trend line things still look good. New low but failed to reach the lower BB, MACD still in bullish div, SRSI will create a bullish div and for the moment the median line of the channel is offering support.
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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.