BCH - OVERBOUGHT
Bitcoin Cash (BCH) broke out of $250 on April 6, which caused our purchase proposed in an in advance analysis. Today, the bulls scaled the fee above the 50-day SMA ($266) but are struggling to maintain on to the intraday gains.
This indicates that the bears are lively at higher levels. If the BCH/USD pair dips back beneath the 20-day EMA ($236), a drop to
TWO hundred is possible. Below this level, the pair will flip negative. Therefore, the traders can hold the stop loss on the lengthy positions at $197.
Conversely, if the pair surges above $281, a rally to $350 is likely. Therefore, the buyers can path the forestall loss to $220 after BCH sustains above $281 for four hours.
This indicates that the bears are lively at higher levels. If the BCH/USD pair dips back beneath the 20-day EMA ($236), a drop to
TWO hundred is possible. Below this level, the pair will flip negative. Therefore, the traders can hold the stop loss on the lengthy positions at $197.Conversely, if the pair surges above $281, a rally to $350 is likely. Therefore, the buyers can path the forestall loss to $220 after BCH sustains above $281 for four hours.
Note
-7% ! Good profits there guys!
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.