BCH testing top of long term channel
BCH has been in a long term downtrend against BTC for awhile now. This channel goes back to 2018. If BCH breaks out of here it could be the start of a reversal against BTC. The VPVR also happens to be where the value area meets the most common volume area(1 S.D.), so a breakout here with 2 days of closes inside the brighter section of the VPVR would be extremely bullish IMO. I would start loading up on BCH, but that's just me and not financial advice
Note
Breakout happened, but it hasn't held yet. Looking for the channel to be retested and prove support. If that happens, I would set a long term target at the VPOC at .04939 sats.Note
I think this is a good time to buy now, not financial advice
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.