1)$500 is 0.5 level from wave 3
2)wave C has gone past 1:1 fib extension of wave A meaning it will likely hit at ~$517
3)if 5th wave of wave C will hit 1:1 fib extension the target would be ~$512
4)price action provides support between $510-520, marked with a green box
5) not visible on chart, but it marks support at ~530 level, usually we will get a wick slightly below
If this area provides support, we can expect further upside movement from BCH. Always wait for a confirmation before taking a trade.
Breaking the falling wedge resistance with good volume would confirm reversal.