JoeFares

BCH - Descending Triangle Pattern

Long
JoeFares Updated   
BITFINEX:BCHUSD   None
Keep an eye on this descending triangle on the hourly timeframe.

If BCH breaks the upper line, this will trigger a good buy.
If BCH breaks the line downwards, then do not consider entering this trade. (If you hold BCH, you can consider selling at that point)

Good luck.
Trade closed: target reached:
Target reached: $495
Comment:
Quick 10% gain in less than 8 hrs. Congrats to profit takers who followed my analysis.
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