Looking at BCHABC's daily chart
, I believe we have a very bullish
set up. In fact, I'm surprised the price isn't higher as bullish
as the MACD
is. This very well could be an indication that the price will soon jump. The price action has broken out of a descending wedge
and appears to be repeating a pattern it did in April. Not only does the price action match that of the fractal
in April, but the MACD
from April also matches today's position. I will have a buy order ready on the breakout because I think the price could really jump if it gets moving.