Trade Recommendation: Bitcoin Cash

Moving Averages tell us about the uptrend. The price bounced from SMA100 and RSI confirms price reversal. MACD histogram is going to support upward movement. DMI allows open long trades. Pending orders for buy can be placed at 460.00 level with stop orders below the support at 437.50 level. Profit targets are 500.00 and 540.00 resistance levels. If you don’t use leverage, recommended trading volume for this trade is up to 5% from your deposit.

Market: BCHUSD
Buy: 460.00
Stop: 437.50
Profit Targets: 500.00 and 540.00

The trading signal is based on Kraken 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.