Trading Fam,
I’m opening a small trade on BCH 0.00%↑ here, quite honestly, because mostly I don’t want to be sitting on cash rn. Alts are popping all over. One of the least heated is BCH, and even though it’s made quite a run since April, I still see plenty of potential here. However, I’ll be shooting for a modest target this time of just 13.5%. And if my SL is hit, the loss will only be half of that.
You can see from the chart above that we’ve broken above our bullish channel and can now use the top of it as support. Additional support comes by way of that white ascending trendline. Our RSI is a modest 56, and our HLC3 wave is just over 5, meaning we still have room to run. But I’m not going to get greedy here unless we quickly break that descending TL above. Any pause there and I’m out.
✌️Stew