OneManTrading

BCH Descending Wedge

KRAKEN:BCHUSD   Bitcoin Cash
BCH appears to be ready for a breakout upward soon. The classic Descending Wedge appears to be near completion for this breakout upward. The indicators point to support around the 290's. According to past moves, moves can range from low to a couple hundred dollars over days.

Resistance (currently) appears to be around 330 to 350 for a larger breakout beyond.

A lot of money has moved out and into BTC and ETH for their current runs. When money moves back in, BCH should offer gains and liquidity.

I have bought in and have my exit strategy setup. Follow YOUR rules not the trade.

This is my first post here and this is not investment or trading advice. Buy and sell at your own risk.
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