salmanijaz

BCH ascending channel.

Long
salmanijaz Updated   
BITFINEX:BCHUSD   None
Seems to be trapped in an ascending channel. I dont have any position now. Just analysing the chart, May open small long position once the retracement is confirmed.
BCH is very volatile so keeping that in mind, do your own analysis too.

Note: Just my personal view.
Trade active:
Nicely following the channel :)
Comment:
Retesting the support level at 772.63. Lets see if it will hold.
Trade closed manually:
Still very bullish but the channel is broken. May be some retracement and then upward again. Will see :)
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.