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

Long
CRYPTO:BCHUSD   Bitcoin Cash
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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