BCH Descending Triangule to Breakout Soon !
Updated
Hello Traders,
Here is my last analysis on BCH. Trading within a triangule, as we know, we must wait first for a confirmed breakout and then move to a smaller time frame to look for an entry. Since the analysis was made on the 4 Hours chart, I would recommend for an entry on the 1 Hour chart or even 30 Min for better timing and risk management.
Let's wait for it and make some profits! Cheers.
-Shogun414
Here is my last analysis on BCH. Trading within a triangule, as we know, we must wait first for a confirmed breakout and then move to a smaller time frame to look for an entry. Since the analysis was made on the 4 Hours chart, I would recommend for an entry on the 1 Hour chart or even 30 Min for better timing and risk management.
Let's wait for it and make some profits! Cheers.
-Shogun414
Trade active
Looks like it is trying to break down folks, let;s keep an eye on it and beware of a false breakout.Trade active
It did breakdown, now let's look for a quick retracement on the 1 Hour chart o 30 Min chart and enter short.
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