$BCHBTC- Bounced off the bottom, bull really starting?

BCH similarly to other altcoins has bottomed and volume started to flow in.

If the bullish pennant plays out it can mark a start of a significant BCH rally has there is much more room on the upside (see my previous analysis)

1. PPO is following the bullish trendline
2. Ichimoku cloud shows that the price has entered the kumo with a bullish TK cross
3. RSI and CCI is following a bullish trend/momentum
4. MACD is neutral
5. Stoch oversold conditions might lead us to a short pullback to the bottom of the pennant line before heading for a breakout.


Bullish scenario

If we break the pennant on the upside an initial target of +30% for profit taking is a porbable aim.

However this breakout could mark an even more significant bull run.

Bearish scenario

A bearish scenario could bring us back to where we started the bounce and maybe depressing even more the price.

Trade safe.

If this trade made you some money. Tips are welcome.
BTC: 372Yed5cnXoHN14a8sdwho7L5uYRxjYQYK