TradingforPeople

BCH/BTC D1 Binance Long

做多
BINANCE:BCHBTC   Bitcoin Cash / Bitcoin
Hello friends ,

I have prepared one bomb for you.
BCH / BTC D1 Binance
If you are willing to hold a little BCH coin for a long time you should definitely be aware.
Bitcoin cash caught my eye as there was a cross 7 (white) and 77 MA (blue) a few days ago, it is a very strong signal for the upcoming UP trend. As another confirmation you can see that the trend also says clear for the purchase.
RSI is slowly rising in our consolidation zone. It is only a matter of time before more movement towards UP comes.
I expect a close reaction to the UP trend according to the previous period when the UP trend lasted about 51 days. From the MA cross.
I have SL placed just below the view of the consolidation structure.
And Take profits are ranked according to Fibonacci levels.
I expect that we can get to the level of 0.618 Fib where we could take a profit of about 50%
I would see the expected end of the UP trend sometime in mid-September 15-25 September.



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