BITFINEX:BCHUSD is trading sideways for some time, but we can clearly see a triangle pattern in forming. Currently final wave E in progress, where downside can be limited around 61,8% Fibonacci retracement and 1300 support level. To be sure and to confirm bulls, we need a break above 1780 level. Invalidation level is 850 so, as long as BCH trading above that level, we expect higher levels towards 2000 or more!
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BCH made a perfect wave E as we projected and triangle could be completed here! Now keep an eye on a break above 1780, which could open door for 2000 and higher.
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BCH perfectly bounced from our projected area of wave E. BCH is now above 1780 level and we can see it's bullish confirmed! More upside in view here.
I had the exact same idea i first anticipated to see a ascending triangle it didnt make an ascending triangle now i see the symmetrical triangle