BCryptological

Bitcoin Cash about to pump or dump

BINANCE:BCHABCBTC   Bitcoin Cash ABC / Bitcoin
Since April BCHABC has been in an ever-narrowing range, between the 100 Moving Average and a clear downward slopping trend line . Both touches on the 100MA since April have resulted in a quick bounce up and we are just about to make contact once again... definitely something worth keeping an eye on.

>>>If the pennant is to play out, target up or down will be around 60%. An excellent potential opportunity to increase BTC holdings.

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Comment: As predicted above, BCHABC has just made contact and bounced off the daily 100MA - let's see if support holds. It's worth noting the 15min, 30min, 2hr, 3hr, 4hr, daily and weekly Stoch RSI are all primed for a shift in momentum to the upside.
Comment: Up a modest 4% so far, but hitting key trendlines on multiple timeframes... until we leave the structure detailed above we must remain mindful that a break down remains equally possible.
Comment: Now close to 8% up - looking promising
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