BCHABC - Slow and steady wins the race
Updated
We are always looking for sound trade setups, and our followers are the first ones to know when we find something worthwhile.
Today it's BCHABC that we're looking at. Once known for its notorious reputation of wicks & tails and giving BITCOIN a run for its money, the coin has been hibernating for quite some time now. However, that certainly does not mean that the charm is lost. In fact, it could just be the calm before the storm.
Below we'll share some of our observations from the chart:
- Trending up (higher highs & higher lows) since Mid July '19
- Honouring the up-trending slope with support from 100EMA (240M)
- 355-370 region could be tough
Refer to the chart for levels.
Today it's BCHABC that we're looking at. Once known for its notorious reputation of wicks & tails and giving BITCOIN a run for its money, the coin has been hibernating for quite some time now. However, that certainly does not mean that the charm is lost. In fact, it could just be the calm before the storm.
Below we'll share some of our observations from the chart:
- Trending up (higher highs & higher lows) since Mid July '19
- Honouring the up-trending slope with support from 100EMA (240M)
- 355-370 region could be tough
Refer to the chart for levels.
Trade closed: stop reached
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