BCHABCBTC Trading opportunities

Looking closely on the whole structure of the BCHABCBTC we will see the price moving in a wide ASCENDING triangle pattern with top NECKLINE in the zone of 0.056 and the present bottom in the area of 0.0234.

After the massive bounce from the bottom zone price hit deadlock at the top level again and since then its been forming another pattern which is Bullish in nature called BULLISH PENNANT.

The Pennant has completed wave A-D which mean we should expect breakout at any time soon or wait for price to finish all the wave down to E where we have our safe and proposed BUY zone.

Trading Advice:
1. If there is surprise breakout from the Bullish pennant at wave D zone, we only need to buy the Pull back and keep riding the trend up.

2. Wait for the suggested buy zone and ladder down your Long.

Thanks for the time taking to read the post. Join our discussion room for more about our trading ideas. Please do leave a like and follow me for more updates.

تم فتح الصفقة:

Full target with Ascending pattern

تم فتح الصفقة:

Guys look like we may have complete bullish flag formation which means ABCDE. Or we buy pullback after breakout