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RealMcafee
May 20, 2018 7:59 AM

BCHUSD: attempting breakout. Long target 13 % Long

Bitcoin Cash / U. S. DollarKraken

Description

BCH is just under the top of the hour cloud with nice support. We're right underneath a downtrend, a breakout of which will trigger a buy signal and the start of a potential move up to the upper 1300s

Target levels are:

1280
1320
1390

(1390 - 1230) / 1230 * 100 = 13 %

Btw the orange fractal is taken from the current BTC correction.

Happy days!

Trade active

Comment

Strong daily support before the 0.618 retrace indicates bullish bias.

Comment

First target reached (Bittrex)

Trade closed manually

at 6.5 %

Comment

Expecting retrace to 0.618 level
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