Long
BCH been extremely weak lately, looks like a small inverse H&S
This wedge you see is not the best i have seen, but it has the characteristics of one. In combination with a potential inverse H&S we could start to see some higher prices. This H&S is a weak one, so it could easily fail.
2 different stops that could be used, that blue line, actually i don't want price to fall below it or the green area around 600, depending on what your willing to risk and your position size. Target is around the 700
My previous analysis of BCH
2 different stops that could be used, that blue line, actually i don't want price to fall below it or the green area around 600, depending on what your willing to risk and your position size. Target is around the 700
My previous analysis of BCH
Note
And the breakout already :)Note
Looking stable, making a bull flag now after the break outNote
Almost reached the target of the H&S, i will close half my position there and let the rest ride with a stop at entry levelTrade closed: target reached
I have closed my remaining position. We could go much higher, but it was a trade for me and my targets are reached
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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.