BCH rally update!
Hey friends hope you are well, and welcome to the new update on Bitcoin Cash (BCH).
Falling wedge breakout:
On a weekly time frame, the 15th largest cryptocurrency has broken out a falling wedge pattern.
Big symmetrical triangle:
After the breakout Bitcoin Cash was not able to continue the rally because of a resistance of big symmetrical triangle.
Bull flag:
On a daily time frame, priceline of BCH has formed a bull flag and target for this bull flag is almost $1000.
Conclusion:
Bitcoin Cash has broken out two major resistance levels of a falling wedge, and a big symmetrical triangle. Now the bull flag formation is signaling to the continuation of the rally.
Falling wedge breakout:
On a weekly time frame, the 15th largest cryptocurrency has broken out a falling wedge pattern.
Big symmetrical triangle:
After the breakout Bitcoin Cash was not able to continue the rally because of a resistance of big symmetrical triangle.
Bull flag:
On a daily time frame, priceline of BCH has formed a bull flag and target for this bull flag is almost $1000.
Conclusion:
Bitcoin Cash has broken out two major resistance levels of a falling wedge, and a big symmetrical triangle. Now the bull flag formation is signaling to the continuation of the rally.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.