BITFINEX:BCHUSD is showing continued bullish sentiment by consolidating just below all-time highs and above resistance-turned-support.
If and when this triangle breaks upwards, the first targets are
the resistance outlined by the prior all-time high at ~4000, and
the symmetrical triangle's target of ~5000
Note that this represents roughly a 100% increase from current market prices. BITFINEX:BCHUSD may over-perform during the breakout, taking us closer to the 2.618 fibonacci extension near 6000 before the dust settles.
This triangle may bleed sideways for a bit before breaking upwards, as we saw last time. The important signal is that price eventually breaks above the descending trendline.