BYBIT:BCHUSDT 1H trend chart - BCH has been consolidating in a convergence formation for a while. We could notice there is a double pattern formed, and its neckline becomes a short-term support zone. If price can break out the upper downtrend line, it's time to entry, and trading strategy as below. - Profit Targets: a) 618.45----Fib(1) b) 632.3~637.95----Fib(1.272~1.382) c) 669.45-----Fib(2)
Stop losses: a) I'll set up if the downtrend line are taken out around here. - If you like this analysis, give it a like and leave a comment below to share your perspective or let me know what crypto you want to see!
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