graham.edwards84

BCHUSD ready for a move higher

Long
BITFINEX:BCHUSD   None
My overall opinion has not changed even though BCH did correct substantially lower than anticipated, but this also is to our advantage here. The move lower has allowed the 20 MA and the 50 MA to be in a good position to rally above the 200 and gain its support. I have shown here the 20 minute chart and you can see how the price action is moving up on the 200 MA. My opinion (and please this is just an opinion)... lol... is that we will move back to the 1550 area and test resistance there and then we will push higher to a new all time high. I am cautiously adding but keeping BCH as a part of my holdings you understand. Not all in... so to speak.
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