I cannot in good faith tell anyone to acquire BCH, especially on Coinbase.
The volume isn't there, and we see Distribution and Accumulation signals that are EXACTLY equal. This looks like heavy one handed trading. This looks like a market ripe to take your coins.
Beyond that we can see their will be a breakout at the speed arc in the C phase. The resistance lines are very strong, and unlikely we'll see a real test. BCH needs to revisit the Automatic Recovery support level in order to build any real momentum.
I agree. I love BCH and see amazing things in the future, but this seems like the bears are in control. Fine by me.
simpar19
⋅
What would be the time frame if we visit back the 1800-1900 support level?
blessmywork
⋅
@simpar19, I don't think you'll see that level tested without a piece of news damaging to the coins fundamentals... in which case i wouldn't recommend accumulating.