I was just a little late in publishing this. The minimum target is the difference between the top of the head and the low of the right shoulder. Here you can see that is almost exactly what played out. I am interested in the strength of this bounce. I had previously published that BCH was a ascending triangle pattern, but the bearish breakdown negated this. BTC still seems to determine the short term fate of all coins. I place BCH stronger than ETH for short term. Comments welcome!
Also I played the bounce here but took profits. I am not confident the bears are done.
Also I played the bounce here but took profits. I am not confident the bears are done.
Comment:
We can see that the 2nd line (1146.01) measured from the head to the neckline was also a strong support and a bounce opportunity for this play. Both time frames resulted in a oversold rsi and decent % gain. 1146 is also a multiple bottom price.