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Technical analysis by Options360 about Symbol BCH: Buy recommendation (1/18/2025)

https://sahmeto.com/message/3175601
Options360
Options360
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Buy،Technical،Options360

Bitcoin Cash golden cross is a buy signal before January 20th. When a 100-day moving average crosses above a 200-day moving average, it's commonly referred to as a "golden cross". Indicating a potential bullish signal, suggesting a possible shift from a bearish trend to a bullish trend in the market. In 2023 BCH went from a low on January 20th to a high of + 214%. In 2024 BCH went from a low on January 20th to a high of + 207%. Is the 3rd time a charm? If BCH can go +200% from January 20th 2025 the high would be around 1300 per Bitcoin Cash!Trade idea:Long = sma100stop = sma200profit = 1300BCH/BTC is back to it's 3 year low. Time to go long Bitcoin Cash.

Translated from: English
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Signal Type: Buy
Time Frame:
1 day
Profit Target:
$1,300
Stop Loss Price
$396.07
First Support:
$396.07
First Resistance:
$469.15
Price at Publish Time:
$469.32
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