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BCH breakout - trading strategie

Long
KHInvestments Updated   
BITFINEX:BCHUSD   None
Support and Resistance Fibonacci Trend Lines
6
0
supportandresistance fibonacci trendline
BCH broke out of falling triangle. I think it could correct now with -24/-25% to FIB 0.786, because RSI is oversold. After that there could be a jump with +55% back on Fib 0.5.
Comment:
you could sell now and buy back in dip, but its risky - It could also jump over FIB. 0.618 and turn back bulish towards FIB 0.5
Comment:
Greets,

Konstantin H.
KH Investments and Partner

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