Bitcoin Cash Buy Opportunity
The price is at the uptrend line and it's going to bounce. RSI confirms price reversal in the oversold zone. MACD and DMI give bearish signals, but if the price moves upward within 1-2 days, these indicators also will provide support for a new upward movement. For confirmation the uptrend, the price will have to break 1500.00 level and move above the previous swing high. The current levels can be interesting for buying in long term with profit targets at 2000.00 and 3000.00 levels.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.