BCHUSD Breaks a 2 months Downtrend — What's next?

When a pair breaks clean out of a 2 months downtrend, this kind of structure is often the first signal of a major trend shift. That happens while BTC has been in a massive selling and extreme fear phase.

Price has pushed above the descending trendline that has been capping BCH for 2 months now.
This breakout shows buyers interest of pushing the price higher.

If BCH holds above this grey block, it confirms the breakout and adds a strong belief into a bullish continuation. As of right now, price is hovering around this zone and im expecting a retest soon.

OBV is usually an underrated indicator. It shows you where accumulation starts to happen and when volume starts to rise even if price is -still- not following. Its a great forecasting indicator.

I'm very bullish on BCH and here are my targets.
• TP1: $610
• TP2: $710
• TP3: $804
• TP4: $+1000

• SL: Daily close below $433

Good Luck!

トレード稼働中

Price reached our buy zone. Lets go!

トレード終了: 利益確定目標に到達

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