Long
Updated

BCH been extremely weak lately, looks like a small inverse H&S

2 887
This wedge you see is not the best i have seen, but it has the characteristics of one. In combination with a potential inverse H&S we could start to see some higher prices. This H&S is a weak one, so it could easily fail.

2 different stops that could be used, that blue line, actually i don't want price to fall below it or the green area around 600, depending on what your willing to risk and your position size. Target is around the 700

My previous analysis of BCH
BCH Bitcoin Cash, almost done with retracement, target 750
Note
And the breakout already :)
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Note
Looking stable, making a bull flag now after the break out
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Note
Almost reached the target of the H&S, i will close half my position there and let the rest ride with a stop at entry level


snapshot
Trade closed: target reached
I have closed my remaining position. We could go much higher, but it was a trade for me and my targets are reached
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