✴️ Bitcoin Cash Major Breakout, Looks Good To Me!

18. Jan. 2023

Here we are again with the same conditions as visited before in the Binance Coin and Cardano charts... Bullish consolidation.

I was sharing in the BNBUSDT article yesterday the fact that corrections tend to become felt in crypto.

Retraces can happen slowly which means that the current consolidation can turn into a retrace but as for corrections, they go down fast and strong as soon as a resistance level is hit.

This type of action we are seeing with Bitcoin Cash (BCHUSDT) kinds of breeds doubt and uncertainty... But, as shared in the BTC CME Futures GAPs article, Who's selling?

Bitcoin Cash looks good...

After the break above EMA100, we have 6 days of consolidation. This consolidation is taking place above EMA10 and all the rest.
The RSI is super strong.

As long as the consolidation continues to be this strong, our bullish bias remains intact and we aim for the next target... $150 followed by $170 and so on.

You can read below to expand on this trade idea.
Three relevant articles mentioned are:

1) ✴️ Binance Coin | New Money Enters The Market, BULLS Confirmed!

2) 🅱️ BTC CME Futures GAPs Points To 35K, Who's Selling? | Go UP!

3) 🅱️ (₿) The Real Meaning Of A Bitcoin "Overbought" Daily RSI...

Thanks a lot for the support.

Namaste.