This post's Technical Analysis Pinpoints : - Bitcoin cash is in a range bound*. - It is expected to begin an uptrend soon. - RSI is at at 38.3 It didn't start its uptrend yet and might show some dips for the following days. So we put our accumulation buying areas starting from 0.10288 to 0.06757 points. After that we might see a bullish reversal towards the following target points. T1 : 0.11249 [Which could be a short term target.] T2 : 0.13929 T3 : 0.1596 T4 : 0.18042 T5 : 0.20801 T6 : 0.25032 T7 : Open Target *Range-bound trading can be defined as a trading strategy that identifies assets trading in channels. By finding major support and resistance levels with technical analysis, a trend trader accumulates at the lower level of support (bottom of the channel) and distributes it near resistance (top of the channel).
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