Recently, Bitcoin Cash has been pumping so strongly that everyone is puzzled why. Technical-wise, not important why. The important thing is the pattern or patterns that happened before the pump. There is a pattern that occurs not very often, but when do, a strong wave can follow after that. It's called a double triangle pattern; as in the case of BCH, we can see this pattern. As said before, this pattern does not happen very often, but when do, it's lucrative to catch it.
If you see any crypto or token that might be forming this pattern, please share the name or your analysis here. For start, it seems Fantom (FTM) is forming its second triangle pattern; Check out its analysis. So, keep an eye on it.
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BCH is in a corrective wave unfolding in a descending triangle pattern. If BCH breaks this triangle upward, favorably with momentum, it could reach the next horizontal area. Let's see what happens.
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So, BCH broke the descending triangle and went up and reached the major horizontal resistance area. It is clear that BCH is struggling to pass through this area; if successful, BCH will head toward the ATH, only a minor horizontal resistance area in its way. Let's see what happens.