Bit.Cash H1: A symmetrical triangle is formed
The formed pattern on the Bit.Cash chart indicates a likely change of trend.
The formation of a symmetrical triangle on the chart indicates a phase of consolidation or uncertainty. A break through the lower leg of the triangle is a key signal of a potential downward movement.
When it comes to Bit.Cash short positions now look more preferable. For aggressive trading, a trader can enter the market at the current prices. Advocates of a more conservative strategy should wait for the level to be retested.
📌 Entry: 588.40
✔️ First target: 569.82
✔️ Second target: 560.53
❌ Stop order: 605.52
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