CRYPTO of the week: BCHUSD Setup still in play until otherwise !
I don't like to sell here but preferred view is more downside to respect the motive 5 waves from 1,574.37 high.
From 1,242.02 low, a sequence has ended at 1,537.22 that could also be ending the cycle from 1,225.55 low and new cycle started to the downside.
A break of 1,754.37 would negate the current view and would need to be reassessed.
Apart from target in 4h charts, intermediate levels would require more data and a break below 1,462.29.
Invalidation to the downside is 1,574.37
Below 972.59, uptrend would be delayed further but would need to see the structure.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
From 1,242.02 low, a sequence has ended at 1,537.22 that could also be ending the cycle from 1,225.55 low and new cycle started to the downside.
A break of 1,754.37 would negate the current view and would need to be reassessed.
Apart from target in 4h charts, intermediate levels would require more data and a break below 1,462.29.
Invalidation to the downside is 1,574.37
Below 972.59, uptrend would be delayed further but would need to see the structure.
Every week, for one particular cryptocurrency, in addition to the charts that I upload on TradingView, I will put the full comments and trade setup for different time frames:
- Daily on Sunday,
- 4h once a day during Asia session and
- 1h twice a day in Asia (post US) and Europe sessions.
This week 29/04/2018-05/05/2018, I propose BCHUSD
Disclaimer:
This content is provided for educational purposes only. The Trader's Corner is not registered as an investment adviser and the information shared on the website or any other medium is not meant to be a solicitation or recommendation to buy/sell any instrument. Any trades placed based on our content are at the own risk of the viewer. Trading include risks and loss of capital. Future trading results can never be guaranteed.
注文をキャンセル:
view denied. Correction ended truncated at 1,225.55 in the form of a regular FLAT.
