BCH has formed a cup & handle pattern.
Though handle portion of pattern is somewhat small I still believe this pattern has potential of a strong breakout given the rest of crypto market is showing strength.
The depth of cup is about 40 points so textbook breakout of this pattern will put us in 190-200 area.
This is 4 hour chart but on daily there is a strong bullish pinbar being printed. Which is another bullish signal.
Good luck to all.
Disclaimer:
The information is to be used for educational purposes only. Not a recommendation to buy or sell.
Though handle portion of pattern is somewhat small I still believe this pattern has potential of a strong breakout given the rest of crypto market is showing strength.
The depth of cup is about 40 points so textbook breakout of this pattern will put us in 190-200 area.
This is 4 hour chart but on daily there is a strong bullish pinbar being printed. Which is another bullish signal.
Good luck to all.
Disclaimer:
The information is to be used for educational purposes only. Not a recommendation to buy or sell.
Trade active
147.82Note
Cup & Handle pattern continuation.
New target 205-210.
Trade closed manually
158.02Took profit.
iH&S pattern in BTC not intact anymore. If that goes down it will drag this along.
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.
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.