BCH.usd eyes on $480: Major resistance break could run for a bit

16 Kas

BCH usually makes its moves midway through Alt runs.
Currently testing a major level with dual fib resistance.
Break could run for a while, or reject for end of pump.

$ 475.27-480.75 is the key level of interest.
Rejected once already but bulls are back again.
Break this time should run, tight SL just below.

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Previous Analysis that caught the top EXACTLY (of course) :)

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23 Kas

İşlem aktif

Houston: "We have IGNITION"


Zoom in (m5)

We have a picture perfect Break-and-Retest entry.

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Looking above a little bit:

We have a Genesis fib at $575.73
Thus our first target and partial TP.

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Placing a fib on the bounce:

Gives us an alternate target of $600.15 (green 4.236).

Thus we have two targets to watch.
An exact reaction and starts of a pullback are signal to tp.
I like to sell some at each target, and trail stop on the rest.

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