After an impressive "Double Bottom" right on the spot of the last line of defense at $426.40, just a few days ago, it became increasingly clear that as long as price remains above that significant key level, it is most likely to break off at some point and begin to build up the next short term upside move. Even though the price of BitcoinCash already began to explode upwards, there is still a lot more room on the upside. Stay tuned...

Price chart of BCHUSD in real time mode

Strong short term bullish setup for the BitcoinCash

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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