botje11

BCH BABUSD H&S failure or crash mode again? Part 2

BITFINEX:BABUSD   None
In the previous analysis i showed a H&S pattern of which i assumed it would probably fail and we could see a counter move up. We made that higher low on the right shoulder and since then we went up. However, this is not a strong counter move as i expected it to be (if the H&S would fail), the blue circle area should have been a bit stronger. On the left we can see a small triangle, from the looks of it, it could break down. Because on the right we can also see the volume has been quite low the past days. So ideally we see the red or blue line play out, test support again and make a very big bull flag coming week. So the chance for a big rally from this point on, are IMO small.


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