BCH looks all set for a rally towards 100 MA amid forming a solid base on 200 MA (30 Minutes time frame). Also consider the negative correlation between BTC and BCH which could be another plus point for the pair, as Traders expect another correction in the BTC. Profit and Stop-loss levels are highlighted on the chart. However, 100 DMA stands as a partial profit taking point. Happy trading :)
Trade chiuso: obiettivo raggiunto:
First TP achieved. BTC momentum stopped the rally and dragged the BCH down.
now cruising towards the target
Stoploss can now be trailing