BCH - Bulls buying the dips on 4H chart and Daily chart
Bulls are showing some strengths on 4H and daily chart by buying the dips aggressively. In the parallelogram ABCD, an uptrend is clear. My suggestion is buying above 525 and below 538 would be safe. Stop loss should be triggered if prices broke below 524, in that case, the parallelogram ABCD is failed.
The reason I set the target @572 (point C) is because the height of DC would be equal to the height of AB which has been made successfully on the daily chart.
See the daily chart for more details:
On the other hand, 572 target will be below the interim resistance @578 on Sep 28th.
If the prices hit the target @572 and unable to break above 578 following with abnormal volume, then the trend will be reversed and test the low of the trend @ 512 (point A).
Happy trading
The reason I set the target @572 (point C) is because the height of DC would be equal to the height of AB which has been made successfully on the daily chart.
See the daily chart for more details:
On the other hand, 572 target will be below the interim resistance @578 on Sep 28th.
If the prices hit the target @572 and unable to break above 578 following with abnormal volume, then the trend will be reversed and test the low of the trend @ 512 (point A).
Happy trading
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.