Long

BCH is forming double bottom pattern

Updated

After reaching $1235 support level, BCH shows a rebound from the bottom again, a confirmation of pattern success will be seen by breaking though $1460 levels.

Trade: Buy BCHUSD 1290

TP1 1460
TP2 1660

SL (4H) candle close below 1235

Note

First target hit at $1460, +13% profit from entry. Don't forget to book your profits and secure your trade by moving SL to Entry level.

snapshot

Trade closed: target reached

Second Target hit and even more than 20 % profit done here in this trade.

Hope you enjoy it.

snapshot

Also on:

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.