Long entry for BCHUSDT at 135.8 USD.
The price broke out of the Kumo Cloud and the Chikouspan is now completely free from the price and Kumo Cloud.
Besides that, the Tenkansen crossed the Kijunsen and both the SenkouspanA and SenkouspanB are pointing upwards.
Overall this is a bullish signal.
Keep in mind that on the daily timeframe the price is still in the cloud so you can expect some turbulence.
The first resistance is expected around the Monthly R1 Pivot Point level at 177.3.
We will keep you updated.
The price broke out of the Kumo Cloud and the Chikouspan is now completely free from the price and Kumo Cloud.
Besides that, the Tenkansen crossed the Kijunsen and both the SenkouspanA and SenkouspanB are pointing upwards.
Overall this is a bullish signal.
Keep in mind that on the daily timeframe the price is still in the cloud so you can expect some turbulence.
The first resistance is expected around the Monthly R1 Pivot Point level at 177.3.
We will keep you updated.
Trade closed manually
Trade closed at 138.3 USDT, 1.64% profit
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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.