BCHUSDT (BITCOIN CASH) - POTENTIAL BREAKOUT
ANALYSIS 🔎
- BCHUSDT is printing a falling wedge pattern.
- This is reversal pattern.
- A bullish pattern to be precise.
- Price is testing the falling wedge's resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and the horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the swing low support level (S1).
- BCHUSDT is printing a falling wedge pattern.
- This is reversal pattern.
- A bullish pattern to be precise.
- Price is testing the falling wedge's resistance.
- There's an upward breakout potential.
BUY ENTRY ⬆️
- Breakout above the falling wedge's resistance and the horizontal resistance level (R1).
TARGETS 🎯
- Horizontal resistance level (R2).
SETUP INVALIDATION ❌
- Breakdown below the swing low support level (S1).
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