When a pair breaks clean out of a 2 months downtrend, this kind of structure is often the first signal of a major trend shift. That happens while BTC has been in a massive selling and extreme fear phase.
Price has pushed above the descending trendline that has been capping BCH for 2 months now.
This breakout shows buyers interest of pushing the price higher.
If BCH holds above this grey block, it confirms the breakout and adds a strong belief into a bullish continuation. As of right now, price is hovering around this zone and im expecting a retest soon.
OBV is usually an underrated indicator. It shows you where accumulation starts to happen and when volume starts to rise even if price is -still- not following. Its a great forecasting indicator.
I'm very bullish on BCH and here are my targets.
• TP1: $610
• TP2: $710
• TP3: $804
• TP4: $+1000
• SL: Daily close below $433
Good Luck!
Price has pushed above the descending trendline that has been capping BCH for 2 months now.
This breakout shows buyers interest of pushing the price higher.
If BCH holds above this grey block, it confirms the breakout and adds a strong belief into a bullish continuation. As of right now, price is hovering around this zone and im expecting a retest soon.
OBV is usually an underrated indicator. It shows you where accumulation starts to happen and when volume starts to rise even if price is -still- not following. Its a great forecasting indicator.
I'm very bullish on BCH and here are my targets.
• TP1: $610
• TP2: $710
• TP3: $804
• TP4: $+1000
• SL: Daily close below $433
Good Luck!
تم فتح الصفقة
Price reached our buy zone. Lets go!أغلقت الصفقة: تم الوصول للهدف
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إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.