Updated
Bitcoin Cash (BCHZ18) Imminent Breakout (Up or Down?)

BCHZ18 is looking to breakout soon, according to the pattern we see on the chart above.
This is a symmetrical triangle and its a pattern that can broke either way.
Seeing that trading volume is decreasing and price action is being compressed a breakout will happen soon.
A break-up can lead BCHz18 straight to 0.0521 followed by 0.0546 if the first resistance can be broken.
A break to the downside, you can expect BCHZ18 to find support at 0.0448 (EMA300).
This is a neutral analysis... HIT LIKE TO SHOW YOUR SUPPORT.
Namaste.
This is a symmetrical triangle and its a pattern that can broke either way.
Seeing that trading volume is decreasing and price action is being compressed a breakout will happen soon.
A break-up can lead BCHz18 straight to 0.0521 followed by 0.0546 if the first resistance can be broken.
A break to the downside, you can expect BCHZ18 to find support at 0.0448 (EMA300).
This is a neutral analysis... HIT LIKE TO SHOW YOUR SUPPORT.
Namaste.
Note
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t.me/masteranandatrades/6172
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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.
➢ FREE PREMIUM Trades + Top Results
t.me/anandatrades/1183
➢ FREE Quality Content + New Results
t.me/masteranandatrades/6172
➢ Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
t.me/anandatrades/1183
➢ FREE Quality Content + New Results
t.me/masteranandatrades/6172
➢ Go beyond! PREMIUM LIFETIME Access
lamatrades.com (Since 2017)
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.