CryptoJosh2018

BCH Symmetrical Triangluation

Long
BITSTAMP:BCHUSD   Bitcoin Cash / U.S. Dollar
Hello guys. Currently you can see that BCH has had a fantastic past month from its previous low. If you were able to catch the lows congratulations. We have currently been in a downtrend since the previous moves and we have made a symmetric triangle as you can see i've added to the chart. We are hovering around the .5 range and i have a target set for a .382 with a R:R of 4:1. RSI has been making higher lows, so that is bullish and we were recently bullish , so i am expecting the triangle to break to the upside. I would have a tight stop loss anywhere below the bottom trend lend if it is pierced or the price levels i have drawn on the chart. Not sure if my TA is any good, but id love to hear what you guys think. I'm new to trading and still learning. This is more of a paper trade as i've nothing invested atm, but just publishing the idea and seeing how it turns out at this point. Thanks and happy trading.

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