BCH targeting $880. 100% chance. ð
No financial advice. DYOR. I was watching BCH for a while now. It looks to me, that we have a 100% up opportunity with a target at $880.
âĒ retraced from last high to 0.382 FIB level
âĒ 0.382 FIB was previous resistance
âĒ bounced up from previous resistance, so it flipped resistance to support
âĒ no daily close below previous resistance
âĒ trading slightly above EMA 50
Two potential trades:
a) Safe trade
Open: prices close above 430
SL: price close below 370
RR: 7.5
b) Gamble trade
Open: now
SL: price close below 370
RR: 16
Targets: 470/540/630/880 ish.
âĒ retraced from last high to 0.382 FIB level
âĒ 0.382 FIB was previous resistance
âĒ bounced up from previous resistance, so it flipped resistance to support
âĒ no daily close below previous resistance
âĒ trading slightly above EMA 50
Two potential trades:
a) Safe trade
Open: prices close above 430
SL: price close below 370
RR: 7.5
b) Gamble trade
Open: now
SL: price close below 370
RR: 16
Targets: 470/540/630/880 ish.
āļāļēāļĢāļāļ·āđāļāļāļēāļĒāļĒāļąāļāļāļāļāļģāđāļāļīāļāļāļĒāļđāđ:
I decided for the gamble version. Opened at 403.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Target 1 reached.
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Target 2 reached. â
āļāļ§āļēāļĄāļāļīāļāđāļŦāđāļ:
Target 3 reached. â