BCHABC/ USDT potential 6%- 21% Binance

Updated

BCHABC/ USDT potential 6%- 21% swing play in days ahead. few options below we will go over.

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option 1: we just beak out and with our channel width we target the upper midline which both have confluence ... midline(RED) would be a safer target but, this chances the target for 4.63% and a 1.43 r/r option trade.

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Option 2 : the preferable option we see first a down break fakeout based on our fractal which has had consistency through this channel based on the blue triangles upper pointing and down pointing ( i draw trend lines by bodies so if you use wicks you may not have these fakeout wicks in ur channel) So if we bounce off the bottom wait for a confirmation as always don't just buy at the exact bottom of this fractal use it as a guide .....

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target 1 Bottom of our old fork (blue zone)confluence of 0.618 level ..167.00 area.

Target 2 : 173-175 ... rough area of old fork lower mid zone (Green under the red line)
Target 3 : just the midline as a target forks typically want to gravitate to the midline if it's on the bottom or the top low confluence in this target though only 1 sign

Target 4 : upper mid(green zone above the midline) to potentially the high zone in the fork (blue area above the midline). on the upper mid we have only that as a confluence but, we on the high zone top have 1.618 fib to use a confluence aswell but, this is a very high target. Target 1 should be the main area you look at since we could bounce down another time.

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R/R

STOP : under old wick 152 zone

Target 1 : 1.66 R/R
Target 2: 3.32 R/R
Target 3: 4.95 R/R
Target 4: 6.09 R/R
Risks are you're own nothing here is finical advice

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fractal playing out as stated before buy at the breakout after the dump since if btc goes this will go deeper.

Order cancelled

popped off didnt go down first late update

Mr_Dyor

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