parissap

BCH parallel channels

Long
BINANCE:BCHUSD   Bitcoin Cash / U.S. Dollar
#BCHUSD
as you know I like parallel channels 😊
the fibonacci retracement and angle give me a target for $BCH around $1400, that is the same as a line of parallel channels.

if #BCH going to complete AB=CD pattern then price has to break the descending angle line and head up toward 1.414 fib level around $2200, which is the upper line of the fourth parallel channel .
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