Long
BCH About to break upwards
BCH and several others have made moves up out of nowhere. Like a scheduled operation almost it seems. Support held even though a few hours ago it looked like alts would drop even more, now it's almost like things changed completely.
Please decide your on stops this time. The target is the blue circle, but use 3 or 4 targets on the way up there. You can wait for the breakout of the triangle (safest choice), entry here (most dangerous choice) or wait for a better entry.
Please decide your on stops this time. The target is the blue circle, but use 3 or 4 targets on the way up there. You can wait for the breakout of the triangle (safest choice), entry here (most dangerous choice) or wait for a better entry.
Note
Same story with BCH as XRP, been slow the whole day but the last few hours seems like the bulls got some confidenceNote
Target reached of BCH,i would take 50% profit or move the stop up to that green zone. This move is with very good volume, so we could just be at the start of a big rally. But never bad idea to lock in some profit. You can always buy it back again.
Note
Looking good as well, has formed a bigger inverse H&S now, against the resistance line now. If bitcoin can keep the current level, we should see a good rally towards 15 soon. Has to stay above that green level and want to see a small bull flag forming now.
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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.