Bitcoin Cash has been dying a slow death, but will soon come back to life.
I love this chart. The Weekly chart shows that an uptrend has started on the linear regression channel, and the Bollinger Band moving average centerline is crossing the 3-year pivot point, which is typically a catalyst for upward movement. The 3-year pivots are stacked tightly, which acts similarly to tight Bollinger bands in that price action is more responsive to any move upward.
Target is the 3-year pivot R1 at $730 and maybe more. I will set a trailing stop at the target to lock in gains and see if we can get some additional upside.
I love this chart. The Weekly chart shows that an uptrend has started on the linear regression channel, and the Bollinger Band moving average centerline is crossing the 3-year pivot point, which is typically a catalyst for upward movement. The 3-year pivots are stacked tightly, which acts similarly to tight Bollinger bands in that price action is more responsive to any move upward.
Target is the 3-year pivot R1 at $730 and maybe more. I will set a trailing stop at the target to lock in gains and see if we can get some additional upside.
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Disclaimer
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.