BCH/USDT 4hr chart Fibonacci retrace to (0.5), at the latest pump, it can’t break the descending trend-line, price is still suppress by EMA21(orangeEMA).
As those reason, in my opinion BCH/UST is still weak.
SHORT TP1 is the previous high price(498.23) and the green support zone
TP2 Fibonacci (1.414~1.5) 462.77~446.18
SL latest high point (639.08) or the price break out descending trend-line.
{My ideas is Not Financial Advice,Press like if you like my ideas}
“Mind the risk of the Crypto Currency, should avoid high leverage margin trade and have a risk management plan.
Press like if you like my ideas”
As those reason, in my opinion BCH/UST is still weak.
SHORT TP1 is the previous high price(498.23) and the green support zone
TP2 Fibonacci (1.414~1.5) 462.77~446.18
SL latest high point (639.08) or the price break out descending trend-line.
{My ideas is Not Financial Advice,Press like if you like my ideas}
“Mind the risk of the Crypto Currency, should avoid high leverage margin trade and have a risk management plan.
Press like if you like my ideas”
Trade closed: stop reached
break the trend line, reach the stop condition.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.