Short
Updated

BitcoinCash #BCCUSDT - possible downward correction?

3 337
The price of BCCUSDT had completed the impulsive wave at the level of $4,198 and now is developung a complex corrective wave 2. There is clearly missing wave C of this correctiion. If the level of 2059 will not hold, then the implsive cycle to the downside might bring another leg down to the level of $1,810 and below.
Trade closed manually
A textbook example of a corrective wave C.
Upside now? First, the price must break out above the level of $1810.
snapshot
Trade active
The next target for the wave 5 of the wave (C) of big (B)is at $851.
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.