tradewonk

BCHUSD

Long
BITFINEX:BCHUSD   None
Today we are watching BCH with 1 day sticks. In the beginning of this year we saw BCH playing at about $2500 and just a month later we are taking notes on $1250. The correction has been going on for more than 40 days so we are all hoping that's it's over.

The Bitcoin Cash Prize currently consolidates over $ 1,270 against the US Dollar. BCH / USD must break a few key opposites such as $ 1,600 to trade further higher.

BCH has had some good momentum today with a 200 point pop. its spent the last 2 days consolidating in a nice range. we are starting to break range which also could take us over resistance on the daily charts for a run to 2k in the next month or so
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