BCH @200.5 After a bit of an upward move yesterday, with a day high of $211, Bitcoin Cash has retraced a bit to the 197/200 resistance turned support. Price currently @200.5 which is the 100 EMA(red line). Still expecting some slight moves upward. But I would trade carefully here with tight stop below the MA Next target is 221/225 resistance (10%) which is at the 200 EMA(purple line) if momentum continues. Waiting for the next candle atm. A break above the 200 EMA (purple line) could be a big sign for more bullish moves in June. Also watch out for a move downwards if support does not hold. Nothing is given in this market. All time frame is 4hrs. Trade carefully. No advice here.
1 comment
Oh bch rise up and shine...