As I had predicted in my previous bit coin cash idea on here we reached the neckline of the double bottom on BCash and have finally triggered the breakout...the price target I have listed here is a great palce to limit sell, although we may run into decent resistance at the 1 day 200ma(in blue). We may also start to wick down just before this target too so a pip ro 2 below it as a limit sell isnt a bad call either...of course there's also a chance that fomo could allow us to send a bull wick a couple pips above this target as well. Whether or not your limit sell triggers as long as you got into this trade near the neckline a market sell will still get you plenty profit. *not financial advice*
Comment:
important to keep in mind that we still need to close 1 additional 1 day confirmation follow up candle to truly solidify the breakout here...there's a chance we could have a fakeout on our hands but I anticipate if it retests the enckline the neckline will serve as support.