Study Range: -Chart Time frame: 1H -Timeframe 4H-1D
TRADE MANAGEMENT:
Trade entry: 105.50~106.50 (Blue Rectangle)
Stop Loss: 104.95.
-Targets:
Moon: 125.30
Risks/Rewards: -Risk/Reward Ratio: 39.38 -Risk per trade: 0.47%
Trade active
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reversal pattern, I did my best to fit them into the pattern. interesting trend projection
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SV is preparing for its next big move, if we break to the upside 104.00 and 110.00 are my targets if we break the channel trend-line I will be looking to buy at the next support lvl.
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we still doing some sideways consolidation. however cycles are oversold.
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follow up of the XABCD pattern, just for learning purpose.
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Possible double bottom forming
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be aware of the descending triangle and its target, if we break market structure it could get ugly for SV
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I will be re-entering tehe trade around 62 to 65 and i will trade that support bounce mean while ill be waiting on the side lines.
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BCHSV Has successfully bounce from 64.00 and has broken the top of the channel, i could expect some consolidation and then a small upward correction before continuation of the down trend.
Trade closed: target reached
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SV is trading above 1 of the resistances. if SV cant to break purple channel we could potentially go down. Here is the two potential scenarios
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SV has surpass resistance now facing a major down trend. I will be watching to see how react to this levels
it looks like we didnt break resistance ? should sell or hold positions?
vfxvictor
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Down and then might be another try but it will find heavy resistance around 80s
destin2008
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@vfxvictor, 76 turned in to support, I dont see it going down below it
vfxvictor
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@destin2008, everything could happen, to me SV has become more and more bearish since his Peek last month.
destin2008
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What now, up or down ?
Saadi75
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How about BCHABC ? Could you please give us a price prediction for Bitcoin cash ABC ?
Thanks .
dmarca9442
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Update on new entry pls
Frumentarii
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Following... the target remains 125 ? How long will take ?
Thx bro
vfxvictor
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@Frumentarii, target still the same will tke a bit longer, who knows how long, but ill be following price action to make sure still healthy and in the right path.
destin2008
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@Frumentarii, Please visit below for current BSV situation.