Long
BCH/USD Long term good, short term worrying
Long term: Overall trend is strong, expecting a long term price goal of 2100.
Short term: Overall market selloff has caused BCH to suffer, short term bull trend broken. If it is to reverse need to break double resistance lines of approx 1410, 1460 respectively. If resistance is broken and trend reversal occurs, short term price goal is 1740.
If trend is not broken, expecting price to fall to previous support at 1175. Recommend setting stop loss at 1150..
Trade safe
Short term: Overall market selloff has caused BCH to suffer, short term bull trend broken. If it is to reverse need to break double resistance lines of approx 1410, 1460 respectively. If resistance is broken and trend reversal occurs, short term price goal is 1740.
If trend is not broken, expecting price to fall to previous support at 1175. Recommend setting stop loss at 1150..
Trade safe
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