In my previous post i was wondering whether BCHUSD going to go up.
Now BCHUSD price is testing the downtrend line formed since July 2019, if today the price closes above the line it seems reasonable to join bulls.
The target can be around 384 price or 61,8 Fibonacci retracement level, while setting stop below 218 is decent from R:R (4:1) prospective.
BCH annual yield: 3,7657%
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Now BCHUSD price is testing the downtrend line formed since July 2019, if today the price closes above the line it seems reasonable to join bulls.
The target can be around 384 price or 61,8 Fibonacci retracement level, while setting stop below 218 is decent from R:R (4:1) prospective.
BCH annual yield: 3,7657%
//
Follow me to stay updated with my ideas!)
Trade active
Trade closed: target reached
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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.