A NEW ARA OF BCH COMING TO LIFE - 400 resistance broken!
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After slowly ascending BCH just broke the strong 400 resistance in a second attempt. BCH is the winner of the day and reading the vibes of the community and current news on BCH we could face another strong ara of BCH. On a weak trading day like saturday there was still a pretty recognizable uptrend that I currently don´t see stoping soon and BCH left all other majors behind!
Here is why indicator wise: DMI shows clear bull strength Ichimuko: Currently from 1m to 4h chart price always above the baseline and cloud! (I currently only take clear ichi trades and lately not a single one of the signals failed)
The next stronger resistance is about 450 level. Enough air to get in and go long now. I expect even 450 to be broken after a retracement. Remember BCH went up to over 800 in late august, another bigger move could be rising now.
Still this is crypto so follow closely: Stop loss: trend following with I on ichi
My recommendation: Follow Ichi signals closely for trend reversal, take profit, when 15/30min chart crosses the baseline significantly and other indicators confirm bearish reversal.
Your likes are welcome, good luck with all of your trades!
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.