LisaNEdwards

Looking for Comments/Suggestions

LisaNEdwards Updated   
BITFINEX:BCHUSD   None
Hey Traders,
this is BCH looking like having a truncated 5th wave due to the fact it is hitting critical resistance, with ABC correction soon after, with possible triple top, or C finishing as shown around where wave 4 completed. Although it is possible for C to retrace to just above where wave 2 started.

So please let me know thoughts ideas.... I think if we only get a minor correction here we will be on our way to the inverted head and shoulders target of around $2,950 ish.

So fingers crossed for that!

Happy trading

LNE :)
Comment:
Updated chart with overnight price action considered.
BCH ending 5th wave diagonal should finish with either a truncated 5th wave at $1630 equal to wave 3 or slightly higher.
Following that I see an ABC correction happening with price resting to around wave 4 territory of $1392ish we should be the otherside of the downtrend channel at this stage.
The inverted head and shoulders pattern is forming with meticulous fashion with our next stop being $2940 and heading onto $12,000 later this year.
Comment:
HIGHLY POSSIBLE this new chart is the final count with wave 5 yet to complete

Disclaimer - This chart is for educational purposes, I do not sit at your computer and buy and sell your coins. You do that, so if you gain money or lose it, remember you are in charge and control of everything you do.
What I do hope is that you make money, so please always trade with a stop loss

❣️Lisa N Edwards❣️

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