BCH is accumulating and following BTC down trend but I think that the hard fork of 2th of January will create a very bullish trend for BCH.
I can also break the support line (near the stop loss signal) and offer a good buy opportunity around the Buy Zone.
STOP LOSS : 2200$
Buy Zone : 1900-1700$
TARGET 1 : 3000$
TARGET 2 : 3200$
TARGET 3 : 3700$
TARGET 4 : 4300$
TARGET 5 : 5100$
TARGET 6 : MOOON
This is just an idea, not a trading advice.
I can also break the support line (near the stop loss signal) and offer a good buy opportunity around the Buy Zone.
STOP LOSS : 2200$
Buy Zone : 1900-1700$
TARGET 1 : 3000$
TARGET 2 : 3200$
TARGET 3 : 3700$
TARGET 4 : 4300$
TARGET 5 : 5100$
TARGET 6 : MOOON
This is just an idea, not a trading advice.
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Bounce on the 2200$ resistance line
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A new trend channel :
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This is a BTC hard fork named BitcoinCash plus, it's not a BCH hard fork but can hardly affect BCH. In fact, this new coin will provide common features with BCH and some improvements.
We can see 2 consequences for this new coin arrival :
- The BitcoinCash plus is mass adopted and the Bcash is abandoned. Because the features are really better and are a real improvement of the current Bcash. (less likely)
- This new coin has not effect, and the Bcash continue to consolidate. It can also highlight current BCH features and produce a new bullish trend line for the BCH.
We can see 2 consequences for this new coin arrival :
- The BitcoinCash plus is mass adopted and the Bcash is abandoned. Because the features are really better and are a real improvement of the current Bcash. (less likely)
- This new coin has not effect, and the Bcash continue to consolidate. It can also highlight current BCH features and produce a new bullish trend line for the BCH.
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Breakout : enter the new trend line, I'll update with another post
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