We can clearly see ascending triangle forming on
BCHEUR
4H chart. An ascending triangle is a bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs.
Enter a position after the break of horizontal level.
BCHEUR
4H chart. An ascending triangle is a bullish chart pattern used in technical analysis that is easily recognizable by the distinct shape created by two trendlines. In an ascending triangle, one trendline is drawn horizontally at a level that has historically prevented the price from heading higher, while the second trendline connects a series of increasing troughs. Enter a position after the break of horizontal level.
Comment:
Bitcoin cash has found support and is now gaining because of money transfering from Bitcoin which is begining its correction phase. If it goes above trend line we will have a buy signal.
Bitcoin cash has found support and is now gaining because of money transfering from Bitcoin which is begining its correction phase. If it goes above trend line we will have a buy signal.
Trade closed: target reached
After breaking the trend line and first support line Bitcoin Cash is going to lower levels, where it will test next support line. Money is moving from other cryptocurrencies into Bitcoin and pumping its value up in the sky.