BCH/USD - Outlook for the next week
Updated
Wait for the triangle to break. This may actually not happen this week.
I'm bullish on BCH so I think the triangle will eventually break upwards. The 1.618 Fibonacci extension lies at around $6200 but I set my sell order at just under $6000 because I expect heavy resistance around $6000.
I'm bullish on BCH so I think the triangle will eventually break upwards. The 1.618 Fibonacci extension lies at around $6200 but I set my sell order at just under $6000 because I expect heavy resistance around $6000.
Note
Left the orange triangle, but still holding the blue trendline.Note
Held the blue trendline, pulled back into the triangle and broke upwards out of it.
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