BCH has moved in a descendant channel for more than 3 weeks. It broke now this channel and ready to go upward. The RSI broke also its trendline. In 1D TF, we can see a bullish divergence (see screenshot below) which reinforce the (short-term) reversal.
Order cancelled
BCH failed to retest the trendline.Trade active
BCH recovered very well. BCH bounced from the trendline. Trade reactivated.Proposed SL: below $102
Trade closed: stop reached
BCH didn't move as expected. StopLoss was 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.