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RE: Hold LONG POSITION / STEEM RESEARCH TRADING SYSTEM # 5

in #steemit7 years ago

BCH/USD:
Bitcoin Cash could not break out of the 20-day EMA but is holding above the downtrend line, which is a positive sign.

If the BCH/USD pair fails to hold the $980 levels, it can slide to $940 and then to the March 18th lows of $884.7951.

On the upside, the 20-day EMA and the 50-day SMA will act as a strong resistance. Once the price sustains above $1,200, it will indicate the start of a new trend. Until then, we shall remain on the sidelines.