BCHUSD is currently consolidating on the 600 resistance line where it is coming to the end of a large bullish descending triangle. BCHUSD is creeping ever closer to the divergence of this triangle and I expect break out any day now. If break out is up hopefully this finishes off wave 2 correction and starts wave 3 for some gains. If this does begin the next impulse wave, I expect peaks of $970-$1200.
I set my buy zone between 590 and 615. I will be looking for reversal signals in the buy zone and a complete bull candle above wedge to commit to a long.
I set my stop loss at 580 incase of break down. If stop reached, my next buy zone will hover around 560 support.
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With 30 min candles, looks like a break out upwards. RSI and MACD seem to support. Next resistance is 700 zone. I'm going for long.
Stop loss updated to 590 in the event of false breakout.
トレード終了: ストップロスに到達
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Failed on 650 resistance and broke down. Looks like more consolidation/down before BCHUSD is ready. Watch it around 550-560 range, thats the next lowest support i see.