Bitcoin Cash Reversal Possibility on Ratio

At this moment Bitcoin Cash price is getting cornered in a pennant and it will break out soon. It is oversold on 4h interval and both RSI and Stoch RSI are about to exit the oversold zone. MACD is going to make a crossover and trigger a buy signal. Market is still shaky though. If you hold BCH, you should place stop orders below the lower trend line (~0.13). Buy orders can be placed above the first resistance level of 0.166. Take profit at the subsequent levels.


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