BCH Analysis
BCH is showing a good bullish setup, with bitstamp also announced support it's a good sign.
But still we are at a very neutral price level. Short term and long term trends are bullish but there is no bullish confirmation yet.
We had a very similar setup previously as shown in the charts, but BCH failed to breakout mainly due to BTC.
BTC is still a very critial factor, and even now its hovering around all time hights.
So unless there is a clear breakout our of the wedge we cannot confirm bullish, so lets just be hopeful and wait.
But still we are at a very neutral price level. Short term and long term trends are bullish but there is no bullish confirmation yet.
We had a very similar setup previously as shown in the charts, but BCH failed to breakout mainly due to BTC.
BTC is still a very critial factor, and even now its hovering around all time hights.
So unless there is a clear breakout our of the wedge we cannot confirm bullish, so lets just be hopeful and wait.
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