BCHUSDT1H trend chart
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BCH has been consolidating in a convergence formation for a while.
We could notice there is a double pattern formed, and its neckline becomes a short-term support zone.
If price can break out the upper downtrend line, it's time to entry, and trading strategy as below.
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Profit Targets:
a) 618.45----Fib(1)
b) 632.3~637.95----Fib(1.272~1.382)
c) 669.45-----Fib(2)
Stop losses:
a) I'll set up if the downtrend line are taken out around here.
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Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
🌔Signal channel: t.me/tradingdiary_cat
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→Join Teaching Group for free!(PM me)
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💡Sign up through link
→Join Teaching Group for free!(PM me)
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.