Bitcoin Cash / USDT - Short Term Projection
Updated
BCHABC/USDT is showing positive signs of at least a short-term uptrend.
Stoch RSIs are progressing up on the 6H and 9H charts and have reached zero on the 1D, 2D and 3D charts.
MacD and Trix are positive on the charts and it has broken into the Kumo cloud on the 6H chart.
I am expecting it to rise to at least the upper trend line. This could be a possible long-term purchase depending on how it fares over the next couple of weeks or so.
Signals will be provided on Purple Crypto Premium.
Stoch RSIs are progressing up on the 6H and 9H charts and have reached zero on the 1D, 2D and 3D charts.
MacD and Trix are positive on the charts and it has broken into the Kumo cloud on the 6H chart.
I am expecting it to rise to at least the upper trend line. This could be a possible long-term purchase depending on how it fares over the next couple of weeks or so.
Signals will be provided on Purple Crypto Premium.
Note
Update on analysis. I have changed the trend lines to reflect the regular flat triangle corrective wave structure BCHABC is in right now (blue lines).As you can see, it will likely hang around in the current support/resistance zones before rising up again - now is the time to buy in.
Signals on Purple Crypto Premium.
Note
~18% profit from a buy position of 280 on 7 September.Target of 330 hit on 18 September 2019.
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