Trade Recommendation: Bitcoin Cash

If the price breaks the downtrend line and the local high, it will be a signal that the market is going to continue the upward movement. Pending buy orders should be placed at the 1420.00 level with stop orders below the previous low at the 1120.00 level. Profit targets are the 2000.00 and 2500.00 levels. Using stop orders in this market is strongly recommended. If you don’t use leverage, trading volume for this trade is up to 10% of your deposit.

Market: BCHUSD
Buy: 1420.00
Stop: 1120.00
Profit Targets: 2000.00 and 2500.00

The trading signal is based on Bittrex chart.

Author:
Dmitriy Lavrov is a professional trader, technical analyst and money manager with 10 years trading experience. The main covered markets are Forex, Commodity, Cryptocurrency. Provides personal education for those who are interested in profitable trading. Entries in TOP 10 among TradingView authors.
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