BCH. Main trend. Triangle. Base of triangle 777%
Updated
BCH formed a triangle formation globally with a base of 777%.
At the moment, the price is at the resistance of the downtrend line of the main trend. A breakthrough and consolidation above it will mean a reversal of the main trend. Enter on a breakout or pullback after a breakout of a given formation.
If you are not new to trading, then you can try trading within the global triangle.
Moreover, a fractally symmetric triangle of 23% is formed there, which can act as an upward pennant of 53%. If you are a bad trader, but want a lot of money, it is advisable not to trade inside the triangle.
BCH local work. Secondary trend. Triangle 23% 53%
There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations.
At the moment, the price is at the resistance of the downtrend line of the main trend. A breakthrough and consolidation above it will mean a reversal of the main trend. Enter on a breakout or pullback after a breakout of a given formation.
If you are not new to trading, then you can try trading within the global triangle.
Moreover, a fractally symmetric triangle of 23% is formed there, which can act as an upward pennant of 53%. If you are a bad trader, but want a lot of money, it is advisable not to trade inside the triangle.
BCH local work. Secondary trend. Triangle 23% 53%
There must be a strategy and a plan. At the same time, your strategy and plan should be flexible from market situations.
Trade closed: target reached
Note
Note
+ 30% from the reversal zone to resistance (work inside the formation). Local uptrend. Breakout of the resistance of the main trend. Bullish engulfing.. I recommend paying attention to this crypto asset
Trade closed: target reached
Note
Note
Note
Note
Note
BCH / USD 
✅ Telegram. Finance + Trading: t.me/SpartaBTC_1318
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
✅ Telegram. Сrypto trading only: t.me/SpartaBTC_tradingview
✅ Instagram: instagram.com/spartabtc_1318
✅ YouTube (Rus): goo.su/vpRzRa2
Related publications
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.