Bitcoin Cash 💶 Analysis #12/50

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

BCH has been stuck inside a big range between the 100.0 support and 150.0 resistance.

Now BCH is approaching the lower bound / support zone so we will be looking for buy setups on lower timeframes

Moreover, the red trendline is acting as a non-horizontal support.

🏹 So the highlighted blue arrow is a strong area to look for buy setups as it is the intersection of the blue 100 support and red trendline.

As per my trading style:
As BCH approaches the lower blue arrow, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich