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angelsmfg

BCC Descending Triangle Pattern at 1 hour

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BINANCE:BCCUSD   None
Trend Analysis
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trendanalysis
at the minimum fall and exceeded a support
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I'm just new and trying to study. Let's see if it will go back to the base then fall again or watch if it will break 528 and 502
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If that is another descending triangle, we might see BCC reach 450 minimum
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But if it respected that blue horizontal line, it could just be a pause to continue the original trend. Will also depends on BTC as it seems that it's doing the same as BTC
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Could be 468 minimum if it falls from there but there is also other support lines before that reaches
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FAN PRINCIPLE. BREAKING OF THE THIRD LINE IS A SIGNAL FOR REVERSAL OF THE TREND. IT'S THE PURPLE LINE ON MY CHART AND WE ARE ON THE THIRD LINE. IT'S CURRENTLY FOLLOWING THE TREND LINE BUT WE MUST WATCH IT. A BREAK WOULD BE EQUAL TO THE DISTANCE OF THE PREVIOUS IT ACHIEVED BEFORE IT BROKE THE LINE.
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