nautyblu

BCHUSD at a bifurcation point!

Panjang
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KRAKEN:BCHUSD   Bitcoin Cash
Dear traders,

I've just spotted an ascending broadening wedge pattern for this coin where the price reached a bifurcation point. A break below 500$ will be followed by a downtrend.
On the contrary a strong green bar is a flag for an up-trend to 1000. This second option is more likely in my view.

This is just an idea I'd liked to share.

Not a financial advisor.

thanks for your comments.

Komen:
Hi guys, the bullish trend restated around the line, not we can set a first safe Take Profit at 740, then in case of break up it will likely go to 1000$.
Penafian

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