Panjang
Is this reversal time ? BCH breaking out of a falling wedge /!\
A falling wedge, is a reversal pattern.
Since Nov 13th 2017, BCH has been on a descending trend vs. BTC.
If my reading of the chart is correct, I believe we are seeing a falling wedge breakout by the top.
This could lead us to the next resistance of a much wider triangle (hitting the top resistance on point (E) at 0.15 btc
This is very bullish for BCH, in USD terms this could mean going back to $1200 if we consider BTC at $8000.
If the breakout is rejected then we might go down a lot further - i'll publish another scenario on this if this is the case.
Twitter: twitter.com/Blockchain_rekt
Disclaimer: this is NOT financial advice. Be smart, invest wisely those are very volatile markets hence very risky.
Since Nov 13th 2017, BCH has been on a descending trend vs. BTC.
If my reading of the chart is correct, I believe we are seeing a falling wedge breakout by the top.
This could lead us to the next resistance of a much wider triangle (hitting the top resistance on point (E) at 0.15 btc
This is very bullish for BCH, in USD terms this could mean going back to $1200 if we consider BTC at $8000.
If the breakout is rejected then we might go down a lot further - i'll publish another scenario on this if this is the case.
Twitter: twitter.com/Blockchain_rekt
Disclaimer: this is NOT financial advice. Be smart, invest wisely those are very volatile markets hence very risky.
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TARGET REACHED BABY!
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Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.