Long
BCH Rally Set to Continue
BCH has been on a tear since the early April bottom. Yellow boxes are targets.
Resistance at the 0.18 BCHBTC at the 0.618 level, blew past 0.5 level.
BCHUSD saw earlier resistance at 0.236 but today's day candle has shown signs of a trend reversal - the 0.236 level, which once was a resistance level, is now a support level. This leads me to believe that BCHUSD can continue to outperform BTC.
Watch BCHBTC levels as above 0.2 has never been sustained. This may be a near term opportunity only, unless BCHUSD sustains unprecedented BCHBTC levels.
Resistance at the 0.18 BCHBTC at the 0.618 level, blew past 0.5 level.
BCHUSD saw earlier resistance at 0.236 but today's day candle has shown signs of a trend reversal - the 0.236 level, which once was a resistance level, is now a support level. This leads me to believe that BCHUSD can continue to outperform BTC.
Watch BCHBTC levels as above 0.2 has never been sustained. This may be a near term opportunity only, unless BCHUSD sustains unprecedented BCHBTC levels.
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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.