BCHUSDT Perpetual Contract

BCHUSDT keeps Converging and timing to open!/Trading strategy

337
BCHUSDT
1H trend chart
-
BCH has been consolidating in a convergence formation for a while.
We could notice there is a double pattern formed, and its neckline becomes a short-term support zone.
If price can break out the upper downtrend line, it's time to entry, and trading strategy as below.
-
Profit Targets:
a) 618.45----Fib(1)
b) 632.3~637.95----Fib(1.272~1.382)
c) 669.45-----Fib(2)

Stop losses:
a) I'll set up if the downtrend line are taken out around here.
-
If you like this analysis, give it a like and leave a comment below to share your perspective
or let me know what crypto you want to see!


Trading is a reflection of yourself. Learn more daily and be ready for every opportunity.
Have a nice trading!

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.