GIgor_021

BCHUSD: possible long scenario

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GIgor_021 Atualizado   
KRAKEN:BCHUSD   Bitcoin Cash
In my previous post i was wondering whether BCHUSD going to go up.

Now BCHUSD price is testing the downtrend line formed since July 2019, if today the price closes above the line it seems reasonable to join bulls.

The target can be around 384 price or 61,8 Fibonacci retracement level, while setting stop below 218 is decent from R:R (4:1) prospective.

BCH annual yield: 3,7657%

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