DLavrov
Long

Bitcoin Cash Pennant Pattern

KRAKEN:BCHUSD   Bitcoin Cash / Dollar
Pennant chart pattern gives us a signal that the market is going to move upward. For this the price will have to break the resistance line of this pattern. We have a price reversal from Kijun line of Ichimoku indicator. DMI confirms trend market conditions and the bullish market. We have buy opportunity. Pending orders can be placed at 460.00 level. Stop orders must be placed below the support at 390.00 level. Profit targets are 600.00 and 700.00 levels.
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We hit 790$, Could you please update?

Thanks
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That penant pattern is your strongest pattern isn't it. We don't expect 10-20%. We expect huge.
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So BCH penetrate resistance. Should I set stop lost at $510?
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Finally I am making tons following your advice. Now should I set a stop loss to protect my gain? It can drop any time like ETH and LTC
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Bang on!!
Thank you for the work and explanations
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Incredibly good analysis.
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Thank you @DLavrov. Please could you explain a little where you get the target price from? I'm learning and like to hear how this was calculated.

Thanks!
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Dimas , God bless you. Bought 24 BCC . Lets make some money)
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your analyzis is v.good... where did you learn it from may I ask DLavrov?
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Hi, Matthew here. Thanks for the very good analysis. Please post more so we can all learn.
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