Hello guys!
As I posted in the previous chart, BCH was about to make a move and it did. BCH made and impulsive move to the upside with gains at around 10%.
WHAT CAN WE EXPECT NEXT?
I am expecting one more upside impulse once the small correction "flag" is finished. I am expecting BCH to get at around $498 or even pushing a little bit more to $530 area.
POSSIBLE TRADE SET UP:
Buy zone: $470
Profit: $498/$530
Stop: as is still correcting put the stop a few points bellow current correction. As the trade goes in your favor move the stop to "BREAK EVEN"
This would be invalidated if BCH moves impulsively to the downside.
And remember! you pull the trigger! you are the responsoble one! this is not financial advice, these are just my views of the market moves and trading style!!
PLEASE! SHARE, LIKE AND COMMENT!
As I posted in the previous chart, BCH was about to make a move and it did. BCH made and impulsive move to the upside with gains at around 10%.
WHAT CAN WE EXPECT NEXT?
I am expecting one more upside impulse once the small correction "flag" is finished. I am expecting BCH to get at around $498 or even pushing a little bit more to $530 area.
POSSIBLE TRADE SET UP:
Buy zone: $470
Profit: $498/$530
Stop: as is still correcting put the stop a few points bellow current correction. As the trade goes in your favor move the stop to "BREAK EVEN"
This would be invalidated if BCH moves impulsively to the downside.
And remember! you pull the trigger! you are the responsoble one! this is not financial advice, these are just my views of the market moves and trading style!!
PLEASE! SHARE, LIKE AND COMMENT!
Thanks for the views!