BCH: Go long and watch for trendline breakout

In the analysis of BCH on November 23, it was mentioned that the upward trend of BCH is running around an ascending channel. If the ascending channel is broken, the price may continue to find a new support point. BCH is still within the channel, and has been oscillating sideways for a period of time at the lower edge of the channel. There is a chance for a rebound to boost the market.

There are currently two downward trend lines for BCH. The blue line is a large-level downward trend line starting from the high point in the second half of the year, and the green line is an accelerated downward trend line. The price of BCH needs to break through the green line first, and then test the pressure of the blue line (yellow circle area). When the price breaks through the blue line again, BCH will usher in a new wave of upward trend.

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The limit price for long orders is 218, and the stop loss price is 212.