Updated
BCHABC - potential bull flag for a +19% in profit
BCHABC price is forming a potential bull flag on 4H chart. There are multiple selling candlesticks on 4H chart with declining volume, it could be sign of exhausted bears.
Resistance @82.80
Support: 78.86
If the price breaks above 82.80, the bull flag is pretty much confirmed. Next resistance is @99.07, For that reason, it will be potentially resulted in a +19% profit for this bullrun.
Take your own risk.
Resistance @82.80
Support: 78.86
If the price breaks above 82.80, the bull flag is pretty much confirmed. Next resistance is @99.07, For that reason, it will be potentially resulted in a +19% profit for this bullrun.
Take your own risk.
Trade closed: target reached
the price has passed far from my target and there is no sign of significant consolidation. Just like the bulls have given the change for the bears to close their positions. Watch the EMA 12 & 26 support. It has not been breached through.
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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.