Is it time to launch? Professional technical analysis of the currency
#BCH/USDT reveals precise entry and exit opportunities!
Bitcoin Cash ($BCH ) has seen a strong rise in recent days, reaching a peak of $454 and is currently trading around $433.2 with a daily increase of +3.32%.
Technical Analysis:
General Trend: The currency has broken the previous sideways trend upwards and achieved a new peak at $454 before returning to test support.
Bollinger Bands: The price is still within the upper Bollinger range, indicating the continuation of upward momentum.
RSI: At 54.1, which is a positive neutral level, allowing room for further rise without being overbought.
MACD: There is a positive crossover, and momentum remains strong despite some temporary slowdown in the rise.
Trading Opportunities:
Strong Entry Zone: From $423 to $428 (bouncing from the moving average line + Bollinger support test).
Take Profit Targets:
First Target: $454 (retesting the peak).
Second Target: $475 (if momentum continues).
Stop Loss: Daily close below $418.
Question for you:
Do you think BCH will surpass the peak of $454 and enter a new upward wave? Or will the correction continue? Share your opinion in the comments 👇