BCH/USD - Outlook for the next week

By ViktorC
Uppdaterad
Wait for the triangle to break. This may actually not happen this week.

I'm bullish on BCH so I think the triangle will eventually break upwards. The 1.618 Fibonacci extension lies at around $6200 but I set my sell order at just under $6000 because I expect heavy resistance around $6000.
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Left the orange triangle, but still holding the blue trendline.
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Held the blue trendline, pulled back into the triangle and broke upwards out of it.
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