I feel like BCHUSD just had a triple 3 (WXYXZ) correction for a 50.0% retrace of highest degree wave 1. If this is the case, highest degree wave 2 should be ending at around 630-640 and start start upswing back to 705 resistance.
If it breaks 705, I expect highest degree wave 3 to begin. Next major resistance at 750. I calculated wave 3 possible top at 1190 using 1.618 FIB. Target set to 900-1200 region.
If it doesn't break 705, I'd imagine it will retest uptrend support around 660.
Feel free to criticize, I'm learning Elliott Wave Theory and welcome your knowledge.
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Trade closed: stop reached
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BCHUSD Broke down below wedge after failing to breach 705. Back to the drawing board.