$BCH — THE SETUP PLAYED OUT
Back on September 17, I shared this BCH setup when price was still trading inside the falling channel.Since then, the entire setup played out and all of the marked targets were reached.{BCH ANALAYSIS}
Now BCH has made another aggressive move, jumping around 28% after CME announced plans to launch regulated BCH futures on October 19.
But after a move this strong, I’m not chasing the candle.
The important question now is whether BCH can hold above the breakout area or whether we get a rejection and a deeper retest.
I’ll be watching the next structure carefully. 👀
Chart first. Reaction second.
#BCH #LEO524
Analysis by LEO524#bchjumps28%oncmefutureslisting
Back on September 17, I shared this BCH setup when price was still trading inside the falling channel.Since then, the entire setup played out and all of the marked targets were reached.{BCH ANALAYSIS}
Now BCH has made another aggressive move, jumping around 28% after CME announced plans to launch regulated BCH futures on October 19.
But after a move this strong, I’m not chasing the candle.
The important question now is whether BCH can hold above the breakout area or whether we get a rejection and a deeper retest.
I’ll be watching the next structure carefully. 👀
Chart first. Reaction second.
#BCH #LEO524
Analysis by LEO524#bchjumps28%oncmefutureslisting
