Bitcoin Cash: graph analysis

Bitcoin Cash (BCH) comes from three bad days and on 10 June the price opened in the area of ​​1086 dollars (on the relative highs of the day), and then started its downtrend up to 891 and closed in retracement to 934 dollars . The resistances to be monitored are: 2,210 and 1,761 dollars (61.8% level and 50% Fibonacci), while support lines: 600 and 750 dollars (monthly support).

For those wishing to buy Bitcoin Cash

Enter the confirmed break of the Fibonacci level in the area of ​​1,122 dollars, with a stop loss at 890 and the first target in the area of ​​1,761 dollars.

For those who currently hold Bitcoin Cash

Bearish entry opportunities as the price has broken down the static short-term channel.

For those wishing to sell Bitcoin Cash

For those who were not already entered, enter the break confirmed in the area 877 dollars, with a stop loss positioned at 1131 and the first target in the zone 750 and later at 600 dollars.

Target

Bearish

600: not reached
300: not reached

Bullish

1.120: reached April 20, 2018
1,757: not achieved