Bitcoin Cash (BCH/GBP) - Key Levels {April 2024}Weekly update for Bitcoin Cash (BCH/GBP), price has created and held a new Level of floor Support at: £421. Median will be in the range of £472, it appear BCH has had a wick rejection on the candle exactly at a major resistance level of: "£581".
Long term still very bullish, but expect prices to be in consolidation of the range of inbetween: £472 - £581. Any investment that you do decide to make, especially within the Median range will be a smart decision.
Target of: "£710" once bulls create an uptrend after breaking the key resistance zone.
Line of Support= £421🟢
Median= £472🟠
Line of Resistance= £581🔴
Target= £710🎯
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*(THIS NOT FINANCIAL ADVICE, ALWAYS DO YOUR OWN RESEARCH! I AM NOT RESPONSIBLE FOR ANY LOSS OF EARNINGS FROM ANY INVESTMENTS THAT YOU MAY MAKE BASED OFF ANY OF MY IDEAS. ONLY INVEST WHAT YOU CAN RISK TO AFFORD TO LOSE IF YOU MAKE THE DECISION TO DO SO. DO NOT INVEST, UNLESS YOU'RE PREPARED TO LOSE MONEY, IF NOT ALL.)
(CRYPTOCURRENCY CAN BE HIGH-RISK INVESTMENTS DUE TO THE VOLATILLITY OF IT'S NATURE, AND YOU SHOULD NOT EXPECT TO BE PROTECTED IF SOMETHING GOES IN THE WRONG DIRECTION.)
BCHGBP
The altseason coming? Nice bitcoin cash trade opportunity.BCHBTC chart here is showing a classic falling wedge pattern
Judging by historical support/resistance, the bottom is very clear here.
We can simply put our stop loss under 0.1 key support and a get a very nice trade with risk reward ratio greater than 8
***TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.***
BCH has formed a Symmetrical Triangle, likely bullishBCH has formed a Symmetrical Triangle which likely bullish, I hold some BCH and looking to add once it breaks. risk reward is pretty good for me and MACD is about to get a goldencross, with Bitcoin's insane fees and insanely slow tx, I think this will play out well.
TRADE WITH YOUR OWN RESPONSIBILITY, THIS IS NOT AN ADVICE.