mobster2

Bitcoin Cash Breaks downtrend, forms Bull Flag.

BITSTAMP:BCHUSD   比特币现金/美元
Hello,
Getting right to it, BCH has formed an obvious bull-flag pennant displayed in yellow on my chart. I have created a fairly confident target at $1,700 based on the length of flag pole (original 4 hr             green candle breakout). In addition to this bullish flag pennant , BCH has experienced a strong bounce upon contact with the 50 MA. The consolidation within the bull pennant offers a good buy opportunity.
Stop Loss if BCH breaks below bottom yellow diagonal line in flag formation .
Take care and enjoy this ride.
交易开始: Furthermore, there is a very distinct support/resistance of pricing in the 1700-1900 range. Look for this to serve as an area for consolidation if potential upside is to ensue. If we face a strong rejection near 1700 levels BCH is likely to face further downside.
Boom. Called it.
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