Long
Bitcoin Cash forming a falling wedge.
BCH is currently forming a giant falling wedge. Inside the larger falling wedge, we see a smaller falling wedge. A falling wedge is a very bullish pattern. The price goes down as it flushes out all the sellers. Moreover, the fact that the price decrease is getting less and less every dip means that there are not more sellers joining in. Without sellers, the price often explodes violently.
Target: .178 BTC
Stop: .105 BTC
Target: .178 BTC
Stop: .105 BTC
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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.