BCHSV - Ascending Triangle on 4H - look for breakdown
A possible ascending triangle is being built on the 4H timeframe. If the price is making multiple touches on the rising lows lower line of the triangle, that line will be acting as a reliable support for the triangle. Because of the price of BCHSV and BCHABC have not been correllating with ETH, so if ETH is going to be topped out around current level @154, the breakdown of BCHSV (BCHABC) is inevitable.
Play the shorts for this potential ascending triangle will be a much safer setup.
Play the shorts for this potential ascending triangle will be a much safer setup.
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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.