Cryptoray8

BCH at support

Long
Cryptoray8 Updated   
COINBASE:BCHBTC   Bitcoin Cash / Bitcoin
BCHBTC is currently sitting .5 fib support level after bouncing up from .618fib level. The indication is of another leg up. If the uptrend is resumed. 0.05452 will be first resistance then 0.06445. If BCH goes above 0.06445 then a final target is 0.07955. A long entry can be pushed at the moment but a safer play would be wait for a break above 0.05452.

Conversely, if the previous low is breached and the support at 0.04662 to resistance, we may see continued downside.
Comment: Sitting nicely above 50DMA. This is good buying opportunity.

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