somokey
Long

Short-term trade opportunity for Bitcoin Cash

BITFINEX:BCHBTC   Bitcoin Cash / Bitcoin
406 0 2
We can see a pennant pattern, and the trend line is going through the end of the triangle, so I expect the trendline will help it to break the upper side of the pennant .

When we utilize pennant patterns, it is recommended to buy after seeing a breakout at 0.193, but it's also good choice to buy at cheaper price. Additionally, MFI and RSI also indicate that it's good time to buy too.

Target levels are at 0.25 (Previous High) and 0.35 (Target of pennant pattern).
Please stop trade if the price goes below 0.168 or nothing happens until 9th             Jan.
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