Now is a critical moment for the BCH/USD pair.
The consolidation channel needs to break up so we can see the price rise. Everything looks good on the 4-hour chart. But in lower time frames, there is still some indecision in the "sentiment" of the market.
The price is above Kijun, it is a good signal. MACD is signaling "entry" and RSI looks "bullish".
Buy: the ideal entry would be to expect a crossing of Kinjun (pink line) by Tenkan (blue line) from below and with force
Sell: around 880 - 900 USD
Stop Loss: About 546 USD
Our target is level 1.618 of the Fibonacci extension (around 850-880 USD)
You should not invest more than 10% of your available capital to trade.
The consolidation channel needs to break up so we can see the price rise. Everything looks good on the 4-hour chart. But in lower time frames, there is still some indecision in the "sentiment" of the market.
The price is above Kijun, it is a good signal. MACD is signaling "entry" and RSI looks "bullish".
Buy: the ideal entry would be to expect a crossing of Kinjun (pink line) by Tenkan (blue line) from below and with force
Sell: around 880 - 900 USD
Stop Loss: About 546 USD
Our target is level 1.618 of the Fibonacci extension (around 850-880 USD)
You should not invest more than 10% of your available capital to trade.
