Hi All,
BCH is the one of the cryptos which has broken out of long term descending trend and not it is re-testing the support (previous resistance - top blue dotted line).
BCH/BCC at pivot S1 support level bouncing back.
Short term TP - $533
Mid term TP - $620
Disclaimer: This is not a trade advise. But, just an idea for educational/Information purpose.
Please like/Comment if you agree or disagree with this idea. Your inputs are much appreciated.
BCH is the one of the cryptos which has broken out of long term descending trend and not it is re-testing the support (previous resistance - top blue dotted line).
BCH/BCC at pivot S1 support level bouncing back.
Short term TP - $533
Mid term TP - $620
Disclaimer: This is not a trade advise. But, just an idea for educational/Information purpose.
Please like/Comment if you agree or disagree with this idea. Your inputs are much appreciated.
Comment:
Check out some major price action happening right now as expected in this idea.
Trade active:
BCH has broken out of long term defending triangle and currently testing support on daily time frame. This is really a bullish indication.
I have taken a small long position based on this breakout.
$525-530 - next target.
I have taken a small long position based on this breakout.
$525-530 - next target.
Trade closed: target reached