Bitcoin Cash
Long
Aggiornato

BCH Cup & Handle

713
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.
Trade attivo
147.82
Nota
istantanea

Cup & Handle pattern continuation.
New target 205-210.
Trade chiuso manualmente
158.02

Took profit.
iH&S pattern in BTC not intact anymore. If that goes down it will drag this along.

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.