behdark

BCH ANALYSIS (4H)

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BINANCE:BCHUSDT   Bitcoin Cash / TetherUS
From where we put the "start" on the chart, it looks like a triangle is forming.

The depth of wave D is high, which strengthens the possibility of forming a triangle.

It is expected that we will have a return from the green range to the red range and then the main drop will occur

Closing the daily candle above the invalidation level violates the analysis

For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
Trade ist aktiv:
It did not reach the green range but reacted to the red range and has dropped more than 13% so far.

We have updated the triangle so that you can see it on the picture


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