blurryface_nobody

BCH set for bull run

Long
BITSTAMP:BCHUSD   Bitcoin Cash
BCH broke through a two year resistance line at around $400, thus concluding an extended 2 year corrective phase. It also closed a key trading gap by retesting its previous resistance around $380. It's breakout was overbought, and a brief consolidation is needed. If it continues to find support at around $400, the next move will likely take it up to the next key resistance level around $500. I personally avoid both BCH and BTC due to their history. However from a purely objective standpoint, BCH and ETH are the only two cryptos which are strongly supported by current fundamentals, and of these BCH is the more undervalued. **do not make trades based on this opinion**

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