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Bitcoin Cash looking to continue markup phase
$BITFINEX:BCHUSD is showing continued bullish sentiment by consolidating just below all-time highs and above resistance-turned-support.
If and when this triangle breaks upwards, the first targets are
Note that this represents roughly a 100% increase from current market prices.
$BITFINEX:BCHUSD may over-perform during the breakout, taking us closer to the 2.618 fibonacci extension near 6000 before the dust settles.
This triangle may bleed sideways for a bit before breaking upwards, as we saw last time. The important signal is that price eventually breaks above the descending trendline.
If and when this triangle breaks upwards, the first targets are
- the resistance outlined by the prior all-time high at ~4000, and
- the symmetrical triangle's target of ~5000
Note that this represents roughly a 100% increase from current market prices.
$BITFINEX:BCHUSD may over-perform during the breakout, taking us closer to the 2.618 fibonacci extension near 6000 before the dust settles.
This triangle may bleed sideways for a bit before breaking upwards, as we saw last time. The important signal is that price eventually breaks above the descending trendline.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。