BCH/BTC 1D Jul. 25

Suggested Entry: 25215
Target 1: 26650
Target 2: 27800
Target 3: 28840
Stop Loss: 24250

The reason why Bitcoin Cash (BCH or BCHABC) is bullish despite having a similar setup to XRP is for two main reasons:
- Technical indicators support a stronger evidence for bullish momentum
- While confirmation is yet to be provided, it could be argued that BCH has broken out of the descending wedge pattern

As a descending wedge pattern in a downtrend is typically identified as a bullish reversal pattern, we suggest a long position with targets leading up to previous historical resistance levels, and a tight stop loss below significant support.

Trade safe.