The breakout of BCHAUD through the 408.7800 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of BCHAUD to test 385.6150 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
Related Posts
ETHEUR is signaling a possible trend reversal on the intraday charts with price not breaching resistance.
Emerging Falling Wedge detected on ETHEUR – the pattern is an emerging one and has not yet broken…
A Channel Down has formed, DASHEUR is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
DASHEUR is heading towards the resistance line of a Channel Down. If this movement continues, the price of…
LTCEUR seems to be on its way to resistance – a possible opportunity?
LTCEUR is moving towards a resistance line. Because we have seen it retrace from this level in the…