BCHBTC (Update, Intraday) – Support around 510/500 holds, one more rally?

This note is an update of our previous comment available here and here, where we suggested not to chase the price. The strong pullback reached support around 510/500 and a nice bounce followed.

If you were looking to open a long position, current levels provide a better place to do so than previous top of the range. Aiming for a first target at 580/600.

 

Should you have any questions feel free to contact us anytime.

Good luck Champs!

Mr Hawk

 

 

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