Zblaba
Long

BCH/BTC 12H (Binance) Descending channel breakout

BINANCE:BCHBTC   Bitcoin Cash / Bitcoin
TA: Bitcoin Cash looks bullish again after breaking that parallel channel resistance. I will operate it on Spot and Margin (up to 5x).
FA: Hashrate droped after his halving more than a month ago, but now Bitcoin halved, hash power is back on BCH.

Current Price= 0.025541
Buy Entry= 0.025607 - 0.025067
Take Profit= 0.027767 | 0.029748 | 0.032951
Stop Loss= 0.022907

Risk/Reward= 1:1 | 1:1.82 | 1:3.13
Expected Profit= 9.59% | 17.41% | 30.05%
Possible Loss= -9.59%

Fib. Retracement= 0.236 | 0.382 | 0.618
Margin Leverage= 1x | 3x | 5x
Estimated Gain-time= 360h
Trade active: All entries filled, wait for it to happen now...

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