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ParabolicP

Bitcoin Cash (BCH) Chart Analysis: Observing Giant Double Bottom

Bitcoin Cash (COINBASE:BCHUSD)  
ParabolicP Updated   
COINBASE:BCHUSD   Bitcoin Cash
Chart Patterns Double Top or Bottom
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17
chartpattern doubletoporbottom
The BCH/USD weekly chart displays a pattern resembling a giant double bottom. If this pattern plays out, technical analysis suggests a possible price target exceeding $3200. Due to Bitcoin's historical dominance in the market, some consider Bitcoin Cash a "clone" and speculate that its price movements might echo Bitcoin's to a certain extent. This concept is similar to the idea explored in the movie Star Wars: Episode II – Attack of the Clones.
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It’s all funny until it happens
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Smart money is buying
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Moving faster than most people expected I’m sure.
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Immediate resistance is around $736
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Strong
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Might be time for a pullback on the 4hr. Bearish divergence is building.
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USDT: 0xd3787d843Cf915E5475119459B34b6429827c297
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