Fxprotrader
Panjang

BitcoinCash/Dollar: Buy Opportunity Towards 4.200..!

BITSTAMP:BCHUSD   Bitcoin Cash / Dollar
Price is in a correction finding massive support at the sliding parallel of the upsloping median line set. Having drawn a downsloping trend to highlight the resistance of correction what we get is a wedge (in addition to the parallel) where price very soon will have no more room to move in. A breakout will occur and price will set free movein either direction. Having in mind that it's correcting after an impulse to the upside, most likely it will break above the wedge , and climb giving us the next impulse. Buying the breakout is a very nice idea. Stoploss should be placed below 2470.00 and profit targets should be placed at 4.200. That would be a nice trade :)

All the best,
John
Komen: Price broke above the correction. We may now buy with stops and tp as described in the initial chart
doesn't it need to correct your TA on the chart ? BCH isn't bullish yet
Balas
Fxprotrader mohammad233b
@mohammad233b, Post a chart so others can see your view
Balas
What site do you use to trade crypo?
Balas
Trade still active? thanks for the AT
+1 Balas
Fxprotrader Zielinsky
@Zielinsky, Yes, still active
Balas
Supporting:
Balas
Fxprotrader ArianRudd
@ArianRudd, Thanks for sharing
Balas
@ArianRudd, Not even close
Balas
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