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Bccusdlong

BlackCardCoin/USDT Daily Analysis:Trading near $0.814, testing the lower boundary of a descending channel. Immediate support is highlighted around $0.673 to $0.571. A bounce from this zone could initiate a bullish move. The upper boundary of the descending channel acts as resistance. A breakout above this channel is necessary for further upward momentum. A strong bounce from the support zone could lead to a breakout above the channel, targeting higher levels such as $8.890. Failure to hold the support zone could result in further downside, breaking below the key support at $0.571, which would invalidate the bullish outlook. Monitor for a breakout from the descending channel and maintain vigilance around the critical support levels. Disclaimer: This analysis is for informational purposes only and is not financial advice. Please consider market conditions and adjust your strategy accordingly.
Long
by CryptoSanders9563
BITCOIN CASH WILL MAKE IT !Traders, Here we have BCHUSD on 1D chart. When I trade a Bull Flag the biggest difference from a Flat Top Breakout is that the consolidation is occurring BELOW the high. So as a Flat Top Breakout consolidates within a few cents of the highs, a Bull Flag experiences typically 2-3 red candles I set my stop at the low of the flag which is usually pretty close by. This gives me a good risk reward ratio. If I want to double my position on the high of day break and then sell through that spike I can make a little more money. It’s important to be careful not to buy a double top. If we have a big pullback, then squeeze right back to the highs we’ll sometimes see a double top formation, or a U shape on the chart. In the examples below you will see some perfect bull flags, but you will also see some sloppier bull flags. The most important thing is that we trade bull flags on the best here. Regards, Mohsen
BLong
by MohsenCapital
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