Hello, Traders!
BCH exited the downtrend and consolidated above the downtrend.
In February, a similar pattern resulted in a growth of 56%, which can be seen on the chart.
At the moment, the market is moving up into new price ranges, which gives us an opportunity to work on purchases.
We may look for an entry point between $575 and $615.
Stop loss may be set under $496.
Fibonacci levels targets:
$693
$793
$856
$894
Good luck and watch out for the market!
P.S. This setup is presented for educational purposes only and shall not be considered a financial advice
BCH exited the downtrend and consolidated above the downtrend.
In February, a similar pattern resulted in a growth of 56%, which can be seen on the chart.
At the moment, the market is moving up into new price ranges, which gives us an opportunity to work on purchases.
We may look for an entry point between $575 and $615.
Stop loss may be set under $496.
Fibonacci levels targets:
$693
$793
$856
$894
Good luck and watch out for the market!
P.S. This setup is presented for educational purposes only and shall not be considered a financial advice