I don't normally TA BCHUSD, but when I do...
So I decided to look at BCH today because I never follow it and I mistakenly read BTCUSD price as BCHUSD and immediately wondered how BCH caught up with BTC. Thankfully I was wrong. But looking at the daily chart, it's completely obvious that BCHUSD is in a Descending Broadening Wedge, which is a Bullish signal for Trend Reversal.
Refer to this website for statistics and buy/sell targets. How you interpret the signals is completely up to you.
thepatternsite.com/dbw.html
My thought is we're either near a breakout, or we may fall again for the third touch at the bottom, before rising for a breakout. Either way, it seems like a good long position if you're going to hold for a few months.
So I decided to look at BCH today because I never follow it and I mistakenly read BTCUSD price as BCHUSD and immediately wondered how BCH caught up with BTC. Thankfully I was wrong. But looking at the daily chart, it's completely obvious that BCHUSD is in a Descending Broadening Wedge, which is a Bullish signal for Trend Reversal.
Refer to this website for statistics and buy/sell targets. How you interpret the signals is completely up to you.
thepatternsite.com/dbw.html
My thought is we're either near a breakout, or we may fall again for the third touch at the bottom, before rising for a breakout. Either way, it seems like a good long position if you're going to hold for a few months.
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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.
Publications connexes
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.