$BCH/USDT 1h (Binance Futures) Descending channel breakout
Bitcoin Cash is looking ready for another bounce, let's enter again with same set-up!
Current Price= 432.15
Buy Entry= 432.14 - 427.08
Take Profit= 447.24 | 465.94 | 485.42
Stop Loss= 411.98
Risk/Reward= 1:1 | 1:2.06 | 1:3.17
Expected Profit= +12.30% | +25.38% | +38.97%
Possible Loss= -12.30%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 180h
Current Price= 432.15
Buy Entry= 432.14 - 427.08
Take Profit= 447.24 | 465.94 | 485.42
Stop Loss= 411.98
Risk/Reward= 1:1 | 1:2.06 | 1:3.17
Expected Profit= +12.30% | +25.38% | +38.97%
Possible Loss= -12.30%
Fib. Retracement= 0.382 | 0.5 | 0.618
Margin Leverage= 3x
Estimated Gain-time= 180h
Trade closed: target reached
TP2 reached with +25.38% (3x) and 2.06RUnfortunately, PC bot did not catch that wick up for Bitcoin Cash...
But I believe we will go up there again anyway, wait for it!
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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.