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  BCH Cup & Handle

kaleemsajid
BCH has formed a cup & handle pattern.
Though handle portion of pattern is somewhat small I still believe this pattern has potential of a strong breakout given the rest of crypto market is showing strength.

The depth of cup is about 40 points so textbook breakout of this pattern will put us in 190-200 area.

This is 4 hour chart but on daily there is a strong bullish pinbar being printed. Which is another bullish signal.

Good luck to all.

Disclaimer:
The information is to be used for educational purposes only. Not a recommendation to buy or sell.
Trade active: 147.82
Comment:

Cup & Handle pattern continuation.
New target 205-210.
Trade closed manually: 158.02

Took profit.
iH&S pattern in BTC not intact anymore. If that goes down it will drag this along.



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