BCH/USD Looking tasty.
Price action is at the bottom of this uptrend channel approaching a horizontal support and trendlines.
Macd has also crossed neutral, so maybe this is a huge % move sleeping in the dark.
Alongside this, there are multiple horizontal levels that give us good areas to take profit, and create a defined stoploss below our support zone.
Fibonacci retracement also support the idea with the retracement being in that key .5-.382 area.
If you liked this analysis, you can check out our discord for free strategies and a buzzing community, link below!!
Price action is at the bottom of this uptrend channel approaching a horizontal support and trendlines.
Macd has also crossed neutral, so maybe this is a huge % move sleeping in the dark.
Alongside this, there are multiple horizontal levels that give us good areas to take profit, and create a defined stoploss below our support zone.
Fibonacci retracement also support the idea with the retracement being in that key .5-.382 area.
If you liked this analysis, you can check out our discord for free strategies and a buzzing community, link below!!