Long
Megaphone pattern . Increasing volatility
BCHABCUSDT is working its way up the slope of the pitchfork.
Within this pattern there is a steep ascending slope.
We are now at the floor. There is support on the horizontal at 380 . This can be a stop.
Take profit at the top of the channel, where the megaphone meets the channel around 480
Within this pattern there is a steep ascending slope.
We are now at the floor. There is support on the horizontal at 380 . This can be a stop.
Take profit at the top of the channel, where the megaphone meets the channel around 480
Note
Note
Slope has been modified.
Possible partial take profit around 490
Trade active
This chart is Bitcoin cash plotted against BitcoinI will look for support in the lower light green zone around 0,045. We could get a bounce to 0,075.
If support does not hold then I will consider selling BCHABC to buy
Note
I am following two different slopes. This one gives us a target of around 630 in the first week of July
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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.