Long

BCHUSD hit the MA200 (1w) after 1.5 year. Major bullish sign.

BCHUSD hit today the MA200 (1w) for the first time since the week of January 3rd 2022.
This represents so far a massive +200% rise in the last 2 weeks.
The RSI (1w) is deep inside the overbought zone but so it was in January 2021 during a rally similar to today's.

Trading Plan:
1. Buy after the first red (1w) candle.

Targets:
1. 735.00 (Resistance 2).

Tips:
1. You may target Resistance 1 (392.50) initially if you don't want to commit much on the long term and buy for the higher target after the MA50 (1d) is tested and holds.

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