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.
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 active:
147.82
Trade closed manually:
158.02
Took profit.
iH&S pattern in BTC not intact anymore. If that goes down it will drag this along.
Took profit.
iH&S pattern in BTC not intact anymore. If that goes down it will drag this along.
Cup & Handle pattern continuation.
New target 205-210.