$BCH 1D

I don’t see anything terrible in the overnight Bitcoin strait, so you can try to find interesting long setups for altcoins.

BCH on the daily timeframe is trading within a bullish pennant formation, which usually signals a continuation of the upward movement. The minimum of today's spill occurred exactly at the retest of EMA-200 1d, as a result of which the price returned above EMA-100 1d and EMA-50 1d - this is good. As we can see, within this formation, a successful retest of EMA-200 1d foreshadows a new wave of growth.

When you touch the 100-period or 200-period moving average again, you can open a long position for a small volume, observing risk management for the transaction. I advise you to place a stop at 200 (psychological level), and a take can be placed in the range of 380-390.

The most important level when breaking through the formation upwards will be 268, when it is pressed, I recommend moving the stop to breakeven.