Early signals Right now Bitcoin Cash 8.33% is breaking loose from it's price channel , getting closer to the edge of Triangle pattern . Trend-following systems have already provided early buy signals.
Confirmation The breakout pattern will be confirmed when price climbs above $1595.
Invalidation Price drop below $1230 will eradicate my bullish bias here.
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Price rose 5%+ and made the first attempt at breaking $1595. It was unsuccessful for bulls. It has to be captured to confirm the signal.