A clean Descending Triangle often precedes a big move. Validate your entry.
Bearish continuation pattern.
Market participants tracking Bitcoin Cash should note the latest formation. The stock is trading at $435.94, down 0.6% on the day. Algorithmically, a Descending Triangle structure has completed. Volume is average (1.14x avg) with moderate trend strength (28.3). A potential breakout level is identified at $420.35, targeting $356.8 with support near $449.45 (R:R 2.18).
What is your outlook on BCH?