BCHUSD has been testing long term resistance and accumulating for some time now. SMA cross-over signals trend reversal but with all eyes on BTC, alt/btc pairs have been getting crushed.
Latest BCH price action has been indicating a rally to ATH at $2,800 as people realise that longing BCH at these price levels will be more profitable than longing BTC. BCHBTC has much resistance to break, but a break of 0.14 would indicate strong bullish movement. With BTC nearing the top, RiskReward is much more favourable longing alts.
I expect much upside for BCH, a break of $2800 could indicate a rally to $4000+
Good luck
Latest BCH price action has been indicating a rally to ATH at $2,800 as people realise that longing BCH at these price levels will be more profitable than longing BTC. BCHBTC has much resistance to break, but a break of 0.14 would indicate strong bullish movement. With BTC nearing the top, RiskReward is much more favourable longing alts.
I expect much upside for BCH, a break of $2800 could indicate a rally to $4000+
Good luck
Commentaire:
ATH broken. Should consolidate here before another leg up.