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BCH/BTC - head and shoulders.
Bitcoin Cash / Bitcoin
Long
BCH/BTC - head and shoulders.
By mr_kosovskiy
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Updated
Apr 8, 2020
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Mar 27, 2020
Components of the figure "Head and shoulders"
Let's take a look at every component of the figure:
- The descending trend is necessary in front of the figure, because the head and shoulders are a reversal figure.
- the left shoulder marks the maximum of the current upward trend.
- Falling of the price after completes the formation of the first leverage.
If we do not fall from the edge of the leverage, the pattern can work out.
Apr 8, 2020
Trade closed: target reached
BCHBTC
BCHUSD
bianace
Chart Patterns
Trend Analysis
Wave Analysis
mr_kosovskiy
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