Is the price explosion of $BCH approaching?
Technical analysis reveals the opportunity before the big move
Technical analysis for BCHUSDT – 2-hour time frame
Current price: $468.5
Highest price in 24 hours: $469.6
Lowest price: $453.1
Trading volume: 65498 BCH in 24 hours
Technical indicators:
🔸 Bollinger Bands have started to narrow again around the price, suggesting an impending price explosion, especially with the candles nearing a break of the upper limit 476.6
🔸 RSI at 63.2 is still within the upward range with the possibility of reaching overbought conditions if momentum continues
🔸 MACD indicates the beginning of a bullish crossover with selling momentum gradually declining
BCHUSDT Futures Strategy
Trade type: Buy Long
Entry point: Between 466 and 469
First target: $484
Second target: $505
Stop loss: Close below 454
Suggested leverage: Between 3x and 5x
Note: Upon breaking 476 firmly, targets can be raised and a Trailing Stop can be used to protect profits
Is BCH ready for a rocket move? All indicators support that, and the opportunity is suitable for fast traders in futures
