DISCLAIMER: I am not a financial advisor nor certified analyst. All contents discussed on this blogpost are solely my own personal views and for Trading education/entertainment purposes only . Do your own research and due diligence.
With that being said, let's get into it
Bitcoin Cash has made some movements which brings about a very much possible bullish movement for the day. 1 BCH currently cost approximately $447.16 at the time of writing this post as I expect it to cost even more as the day goes by.
I used the 45M chart timeframe for my analysis which shows me a Descending Triangle which is likely going to bring about a bullish movement as there's a high chance of it breaking out of the triangle in a bullish area hopefully.
Using the RSI, a trend line was formed as we patiently wait for it to retrace back to the trend line and then take a positive turn.
Final Thoughts:
Hold on tight to your BCH.
https://read.cash/@InvestorOmar/update-crypto-to-the-moon-bitcoin-cashbtc-12dfd928
https://read.cash/@InvestorOmar/update-free-bitcoin-cash-chart-analysis-bch-to-the-moon-3cbb7e90
until next time, peace.
