Just looking at some of the alternate charts right now where there is a LOT more money to be made!
BCH is in a triangle and is IMO an easy trade with money management. If you are on an exchange where you can trade Short or Long, this is the perfect setup!
With a triangle there is always 2 directions. With EW, I would take an educated guess and say from here we are going up, similar to what i am currently seeing in BTC . IF BCH does breakdown, the target is $300ish.
Also as shown on the chart, BCH has formed a pattern which is usually another indicator we are about to rise here.
REMEMBER IF YOU ARE PRACTICING SAFE... TRADING ALWAYS USE PROTECTION
(minimise your risk, use a stop loss. Especially in Margin Trades) ALWAYS!!!!!!!!!!!!!!!!!!!
The Legal stuff - I'm not financial adviser. Just a few quick thoughts - remember you sit at your computer, you push the buttons...
PS make sure you give me a like, that way you get updates as I post them.... :) <3
If this is an impulse wave right now, BCH is looking overbought, expect a pullback soon, with a 4th wave with 5th wave still to come, and looking to be extended due to Fork on the way <3
4th wave in progress at the moment
Looking at the RSI during the 4th wave here on a lower timeframe (4hrs) BCH is still looking overbought and in the higher RSI, IMO we still need to cool the RSI a little to hit upper targets <3