Here we have a triangle pattern for BCH. The rising edge definitely has more touch thus making it stronger support. We also come from a big move to the upside so I would say there is a 60/40 chance if not more for breaking the triangle to the upside.
Don't make a decision just yet. Wait for the triangle to break with confirmation with volume. Initial targets are marked in green and red lines
Feel free to comment below!
Don't make a decision just yet. Wait for the triangle to break with confirmation with volume. Initial targets are marked in green and red lines
Feel free to comment below!
Note
Second target:
Related publications
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.
Related publications
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.