Bitcoin Cash Analysis - A New Beginning
Seems to be positive trend getting formed which might be a start of a new trend. The Bitcoin cash price seems to be moving in positive direction relative to Bitcoin which sends some positive signals for the altcoin. Anything below the red trend line marked will invalidate the bullish movement and might be a start of a new bear market.
So the strategy to trade is to buy the Bitcoin Cash ABC, with stop loss of 0.4500 which is below the crucial red line marked which will invalidate the trend marked. The sell position will be between 0.6250 and 0.6550.
Please note that the trade calls are the authors opinions based on technical analysis and hence readers are requested to do their own in depth study before investing.
So the strategy to trade is to buy the Bitcoin Cash ABC, with stop loss of 0.4500 which is below the crucial red line marked which will invalidate the trend marked. The sell position will be between 0.6250 and 0.6550.
Please note that the trade calls are the authors opinions based on technical analysis and hence readers are requested to do their own in depth study before investing.
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