BCH at Bottom of Trading Range / Buy Low Sell High / Daily
The big picture of Bitcoin Cash is trading range phase.
Best strategy in range markets is to buy low and sell high.
Now we are near the bottom of daily trading range,
and also bottom of bear broad channel ( 3nd pushed down ).
So cheap price to buy currently.
As long as we are above the daily bull trendline + Support Zone ( $405-$445 ), you can buy.
Below this prices market will be bearish.
Targets after breaking the bear dynamic trendline:
1) Touching the bear trendline ( Top of Channel )
2) Resistance Zone ( $749-$773 )
Breaking this resistance and consolidate above this zone, then higher prices will be expected.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...
Best strategy in range markets is to buy low and sell high.
Now we are near the bottom of daily trading range,
and also bottom of bear broad channel ( 3nd pushed down ).
So cheap price to buy currently.
As long as we are above the daily bull trendline + Support Zone ( $405-$445 ), you can buy.
Below this prices market will be bearish.
Targets after breaking the bear dynamic trendline:
1) Touching the bear trendline ( Top of Channel )
2) Resistance Zone ( $749-$773 )
Breaking this resistance and consolidate above this zone, then higher prices will be expected.
**This is not an investment advice. Your capital might be at risk.**
Give me your idea on comments...
Good Luck...