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
Slope is clear with resistance becoming support. Wait for retracement to green line. This represents the slope down to May 10. If we hold this we will be stepping up this downtrending slope . Enter about 0,00900 Stop about 0,00850 Take profit : to be determined
Stop below significant low. Wait for retracement and support on median line. If no support then no trade.
Bchsv has tripled in value over the last week, while almost all other cryptos were falling. With a bounce in the other currencies we can expect continued market outperformance. Points to watch are the uppermost parallel line which has acted as resistance before. If price breaks through this and it becomes support then beware . This could be a spike high with rapid...