Long
BCHUSD target $2800?
Updated
I've been suggesting that BCH is a slow-mover. Today, it started to jump. The two resistance levels of $1630 and $1800 were broken in succession with no mercy. I'm very surprised that it continued to break $1900 and $2000.
This is suggestive of a bullish turn of events for BCH -> I believe these days in particular this market has very little patience and people have been chasing profits. After this gain, it is quite possible that more money will move to BCH to create a positive feedback.
$2200 and $2500 are two levels to pay attention to. My target is $2800, maybe by the end of the week.
This is suggestive of a bullish turn of events for BCH -> I believe these days in particular this market has very little patience and people have been chasing profits. After this gain, it is quite possible that more money will move to BCH to create a positive feedback.
$2200 and $2500 are two levels to pay attention to. My target is $2800, maybe by the end of the week.
Note
I think currently it's consolidating after a $400 run. More gains will come either later today or in a couple of days.Check out my website: jlteng.com
Note
I think currently we have a flag formation.Basically, the red arrows on the chart came earlier and the correction is deeper. The target should still be valid.
Note
Guess we're back to square 1 (almost). I thought last night it was going up again, but it only went to $1960.New Tether is perhaps related to this sea of red (except BTC).
Related publications
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.