Signifies consolidation and accumulation.
The price sets lower high and higher lows respecting two trendlines to identify markets future direction, one should wait for bearish or Bullish breakout of the triangle pattern
today i analysis bch ust for binance perputal trade
buy @ 432$ and selling target is 584$ predict basic on trend line and fibinaci tool and moving average ribbons and rsi indicator, wait and i got profit i am so much happy, i am bigginer of crypto try to improve my skill although any correction please comment its so helpful for me in future analysis
thanks and regards
". There is a possibility of temporary retracement to the suggested support line (596.1).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
. BCHUSD is in a range bound, and the beginning of an uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a...
Keep an eye on BCH if daily closes above 610$. Then I cant see any resistance till 733$, that would be easy 20% capital growth, with SL at 548.
BCH has no much movement in volume as well even after down trend breakout.
As we can see on the 4 hour timeframe, the price is approaching the resistance line at $ 822. If the price breaks the resistance level and consolidates behind it, there is a chance of growth to $ 1155. If the price bounces off the resistance level, it could drop to $ 500.
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We are doing Analysis of BCHBTC on Daily Timeframe .
With the Help of trend line , I have made trend line
Support and Resistance Levels
Note: This is only for Educational Purpose this is not an Investment advice.
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