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!
Transaction en cours
Price reached our buy zone. Lets go!Trade fermée: cible de profit atteinte
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✅FREE signals:
t.me/VIPCryptoVault
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✅30% FREE Deposit Bonus
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t.me/VIPCryptoVault
Best Crypto Exchange Worldwide
shorturl.at/a1O3x
✅15% FREE Deposit Bonus
Up to 35% trading-fee rebates
shorturl.at/mTwUY
✅30% FREE Deposit Bonus
Up to 40% trading-fee rebates
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.