Ron-V

Classic Falling Wedge Reversal Pattern

Long
Ron-V Updated   
COINBASE:BCHUSD   Bitcoin Cash
Place Stop Loss just below breakout price and once the first target is hit move the Stop Loss just below it. Targets are set at support/resistance levels rather than by measuring the distance between the high and low of the pattern and longing the distance from the breakout.
Comment:
Also keep an eye on the $147.00 and $170.00 areas as possible resistance/support.

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