Technical analysis show that the price action over the last month has created a reversal pattern that can take Bitcoin Cash to 0.43. Currently, the market is retreating after it failed to breach resistance at 0.25. While others may see this as a bearish move, the dip is actually healthy. Sellers are dumping their positions at a lower price. When selling is done, bears won’t have enough ammunition to defend 0.25 against the bulls.
The strategy is to buy between 0.165 and 0.2. Should support level at 0.165 hold firm, the market will create a new higher low. It will then have the momentum to breach 0.25 and hit our target of 0.43.
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The strategy is to buy between 0.165 and 0.2. Should support level at 0.165 hold firm, the market will create a new higher low. It will then have the momentum to breach 0.25 and hit our target of 0.43.
Telegram Group : t.me/joinchat/HPygcRE2aumaR8REPl-MSQ
Facebook Group : facebook.com/groups/earnmoneyusdtrading/