Long
Bitcoin cash -Buy opportunity
This idea is based on the 4h and daily chart:
- MACD, RSI and Directional Movement confirm bullish movement
- Trend seems to follow a powerful reverse head and shoulders scheme.
- Breakout of the main orange downtrend line from the top
Confirmation could come from formation of the second shoulder.
Target are shown as Fibo level and as distance of the head from the neckline.
- MACD, RSI and Directional Movement confirm bullish movement
- Trend seems to follow a powerful reverse head and shoulders scheme.
- Breakout of the main orange downtrend line from the top
Confirmation could come from formation of the second shoulder.
Target are shown as Fibo level and as distance of the head from the neckline.
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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.
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.