BCH arrives at the end of its consolidation, we can see a small or a huge run :
- If volumes are sufficient and BTC not moon we can see a huge run to 4300$ or 5000$
- If we don't have enough volumes to break the 3000$ resistance, it will continue to consolidate to prepare the next run (see BCH pattern below).
BCH has always the same pattern :
- A huge run
- A huge consolidation phase with a bottom = the top of the previous run
You can BUY at the bottom of the consolidation (between 2500-2700$) and use a stop loss in case of the BTC comes out (near the red support line).
You can place a take profit on the first TARGET at 3000$ or HOLD for the next TARGET at 3700$ and 4300$ that will be reach soon.
This is just an idea, not a trading advice.
BCH : 1NagVyeeqSq3pitd21A1ZBmzaCFgGV14Nn
Thanks for your comments ;)
- If volumes are sufficient and BTC not moon we can see a huge run to 4300$ or 5000$
- If we don't have enough volumes to break the 3000$ resistance, it will continue to consolidate to prepare the next run (see BCH pattern below).
BCH has always the same pattern :
- A huge run
- A huge consolidation phase with a bottom = the top of the previous run
You can BUY at the bottom of the consolidation (between 2500-2700$) and use a stop loss in case of the BTC comes out (near the red support line).
You can place a take profit on the first TARGET at 3000$ or HOLD for the next TARGET at 3700$ and 4300$ that will be reach soon.
This is just an idea, not a trading advice.
BCH : 1NagVyeeqSq3pitd21A1ZBmzaCFgGV14Nn
Thanks for your comments ;)
Transaction en cours
Commentaire:
Enter to the buy zone
Commentaire:
A longest idea
Commentaire:
Break the dotted blue resistance line, we will probably don't see BCH in the BUY ZONE soon.
Commentaire:
The breakout confirmation to 3000$ is the 2800$ resistance line.
Commentaire:
Re-enter the buying zone
Commentaire:
Failed to use the brown support line, it will return the the red and test to break the orange and the doted blue to breakout.
Commentaire:
At the bottom of the buy zone.