BCH/USDT 12H (Binance Fut.) Channel on support & falling wedge
TA: Bitcoin Cash is holding that support, and as long as the BTC pair is looking bullish, I'm expecting a big growth.
Also, we can see that the falling wedge broke-out then pulled back, this is another positive sign.
Current Price= 232.86
Buy Entry= 231.80 - 226.30
Take Profit= 269.95 | 313.53 | 357.11
Stop Loss= 208.60
Risk/Reward= 1:2 | 1:4.13 | 1:6.26
Expected Profit= 53.58% | 110.64% | 167.73
Possible Loss= -26.79%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 720h
Also, we can see that the falling wedge broke-out then pulled back, this is another positive sign.
Current Price= 232.86
Buy Entry= 231.80 - 226.30
Take Profit= 269.95 | 313.53 | 357.11
Stop Loss= 208.60
Risk/Reward= 1:2 | 1:4.13 | 1:6.26
Expected Profit= 53.58% | 110.64% | 167.73
Possible Loss= -26.79%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 720h
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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.