Hello, dear members of LeoFinance!
Today I would like to point out one very interesting formation on the price chart of Bitcoin Cash.
In the daily chart (1D), BCH/USD has formed something like a Triple Bottom or Inverted Crown (common trend reversal pattern):
As can be seen from the chart, BCH/USD went thru the neckline and it seems that a real breakout is taking place. Probably, BCH/USD is nearing trend reversal and the beginning of a new uptrend.
To be continued ...
As of the time of writing, one Bitcoin Cash costs approximately $803,88 on the Kraken crypto exchange, according to TradingView.
A few words about me:
Just to let you know: I've been working professionally as a currency analyst for last almost 15 years, and as a cryptocurrency analyst for last almost 4 years.
Important!
Keep in mind, that thoughts expressed here are my own, and they should not be regarded as recommendations for any cryptocurrency/commodity trades, investments and etc.
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