I just ran through a few charts scanning for good setups and I found that BCH is currently sitting on 0.236 fib level of support.
My last posts about BCH went very well hitting the yellow box when I alerted the buy signal at green box.
Right now,I believe we are at the support of green box which will bounce towards initally towards red box /0.382 fib which marked the initial resistance.
Yes,I know BCH pumped in USDT also but ....
Compared to other coins,BCH is massively underperforming.
How do I know that?
Look at BTC pair.Once BTC pumps,almost every other coins will pump in USD.
But to outpump BTC,they have to pump in BTC pair.
Take a look at BCH/BTC Binance
It kept going down in BTC pair.
If it stayed stable in BTC pair,it would have resulted better pump in BCH/USDT pair.
In the end,I just wanted to say it is good time to collect BCH as it is preparing for another bounce ,confirmed by both stoch RSI.But I cannot predict about the strength of this upcoming pump in BTC pair.If the strength is good,we will hit yellow box or even breakout to 500$.
You can ask me to chart any other coins
If you want trading setups,follow me on tradingview where I usually posts charts there https://www.tradingview.com/u/tikyikhant/
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