Bitcoin CashUpdated Bitcoin cash descending or ascending!
There is a clear triangle appears in the chart BHC/USD, however it could be both ascending
or descending. One of the traits of triangle is that it continues a trend, in this case it's an upward trend, on the other hand it is a more of the pattern of a descending triangle(the line below goes strait horizontal and line above goes inclined. Wait for the conformation!
A candle has to be closed above or under one of the triangle lines.
or descending. One of the traits of triangle is that it continues a trend, in this case it's an upward trend, on the other hand it is a more of the pattern of a descending triangle(the line below goes strait horizontal and line above goes inclined. Wait for the conformation!
A candle has to be closed above or under one of the triangle lines.
Note
Well it is a bearish triangle, MACD also shows it.Note
False brake down! Nice try! you got us there
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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.